Coca-Cola is about to report earnings. Here's what to expect

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Coca-Cola's stock has fallen 15% this year, dragging its market value down to about $234 billion.

Investors are concerned about the challenges faced by the beverage giant, including high sugar prices, lower consumer demand and the popularity of GLP-1 drugs.

For 2023, Coke expects comparable adjusted earnings per share growth of 5% to 6% and organic revenue growth of 8% to 9%.The beverage giant's stock has fallen 15% this year, dragging its market value down to about $234 billion. Shares are under pressure as investors worry about both short-term and long-term challenges for Coke.

Like many companies, Coke has been raising prices on its products, driving some consumers to shop for cheaper private-label options instead. The strong U.S. dollar makes its drinks even more expensive abroad. And while many commodities have become less expensive, sugar prices have stayed high.While Coke has pivoted its portfolio in recent years to include fewer sugary drinks, its namesake brand and other sodas are still important to the company's net sales.

For 2023, Coke expects comparable adjusted earnings per share growth of 5% to 6% and organic revenue growth of 8% to 9%.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Coca-Cola Earnings Preview: Will Q3 Report Help Sustain Stock's Bullish Momentum?Stocks Analysis by Investing.com (Günay Caymaz) covering: Coca-Cola Co, Coca Cola Co, Coca-Cola Co BDR, Coca-Cola Co DRC. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Coca-Cola Reports Earnings Tuesday. What to Expect.Many investors who piled into consumer staple stocks in 2022 to ride out market volatility have since pulled out.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »