Wall Street analysts are expecting Coca-Cola to report quarterly earnings of 41 cents per share and revenue of $8.96 billion.
The beverage giant is facing higher costs and the potential drag on its business from the omicron variant. CEO James Quincey said on CNBC in October that the company's stock is likely getting punished for the away-from-home business.Here's what Wall Street analysts surveyed by Refinitiv are expecting:Last quarter, Coke saw a strong demand for its drinks return as consumers began visiting restaurants, movie theaters and sports arenas more regularly. However, the omicron variant may have reversed some of that progress.
Inflation poses another challenge to Coke. Like other consumer packaged goods companies, Coke is facing higher costs ranging from freight to orange juice. The beverage giant has been strategically raising prices across its portfolio, but it risks consumers trading down to private label products.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taco Bell Parent Yum Brands Misses Earnings Estimates as Higher Costs Weigh on ProfitsYum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.02 adjusted vs. $1.09 expected Revenue:… Not shocking the quality of the food for all the Yum branded restaurants have went down hill. Especially KFC. Barf. Chickfila is so much better not sure what they are doing but they havent had supply problems. Wonder if because they treat employees and people better This just underscores that large companies are used to making themselves richer by keeping their employees poorer. I'm glad that is starting to change, even if only somewhat (for now). I used to love tacobell tacobellcare yumbrands but the quality of the food has dropped tremendously and they keep raising prices and employees get nothing- I AM DONE WITH YUM BRANDS ESPECIALLY
Source: NBCDFW - 🏆 288. / 63 Read more »
Meta Platforms, Peloton, General Motors: What to Watch in the Stock Market TodayEarnings are due after the market close from Lyft, Chipotle Mexican Grill and Peloton Interactive.
Source: WSJ - 🏆 98. / 63 Read more »