If consumers start drinking less soda, Coca-Cola's revenue could grow more slowly or decline in the coming quarters.
Coca-Cola (NYSE: KO) will report its Q2 2024 results on Tuesday, July 23. We expect the company's revenues to come in at $11.8 billion, marginally above the consensus estimate of $11.75 billion.
Coca-Cola Co KO is reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $11.8 billion in revenues as the company reports before market hours.
A robust brand portfolio, strategic investments and growth across segments are likely to have aided Coca-Cola's (KO) Q2 sales and volumes. Inflationary pressures and currency woes may dampen results.
Coca-Cola's growth rate has been falling and was just 3% last quarter. Price hikes appear to be taking a toll on consumers, which could lead to more softness ahead.
With a growing convenience-store business, the company's shares are looking attractive.
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In the most recent trading session, Coca-Cola (KO) closed at $63.10, indicating a +0.43% shift from the previous trading day.
Coca-Cola (KO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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Coca-Cola has raised its dividend for 63 consecutive years. Starbucks' history of payout boosts may be shorter, but it's also quicker.