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Here's what to expect from Coca-Cola earnings

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Shares of Coca-Cola have fallen 16% so far this year.

CEO James Quincey told CNBC in May that the company was still seeing negative volumes.Ramin Talaie | Getty ImagesHere's what Wall Street is expecting, based on a survey of analysts by Refinitiv:has weighed on both supply and demand for Coke's products. About half of the company's revenue typically comes from consumers drinking at home. To keep up with the shift in demand away from restaurants to home occasions, the company has focused production on its more popular beverages.

Although not directly tied to the pandemic, Coke recently said it is discontinuing its Odwalla juice and smoothie products amid slowing sales and a greater need for efficiency. CEO James Quincey told CNBC in May that the company was still seeing negative volumes, although demand has recovered some since plunging 25% in April. The Atlanta-based company pulled its 2020 outlook in mid-March as countries around the world shut restaurants, universities and offices to slow the spread of the virus.that it would be pausing all social media advertising for 30 days.

 

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