Here’s what to expect from Coca-Cola revenues
A worker replenishes a display of soft drinks from Coca-Cola Co. in a store in Orem, Utah, United States on Tuesday, February 9, 2021.
George Frey | Bloomberg | Getty Images
Coca-Cola is expected to announce its first quarter results on the Monday before the bell.
Wall Street analysts surveyed by Refinitiv expect the following:
- Earnings per share: 50 cents
- Revenue: $ 8.63 billion
Analysts predict that Coke’s quarterly sales will grow less than 1% year over year when the company first noticed the impact of the coronavirus pandemic on its business. In March of last year, sales of pantry sales in the USA increased temporarily, but there was already weaker demand in the international markets. About half of Coke’s revenue comes from off-business events still recovering from the effects of the crisis.
In 2021, Coke expects organic sales growth in the high single digits and adjusted earnings growth in the high single digits to low double digits.
Rival PepsiCo, which announced its first quarter results Thursday, is still seeing consumers stick with their pandemic snacking habits. Pepsi executives told investors that demand for the North American beverage segment is expected to be strong in the coming quarters as more people return to restaurants, stadiums, and movie theaters.
Another pressure point for Coke is more political. In recent weeks, Coke has come under fire for publicly violating a new electoral law in Georgia, his home state. After calling for a boycott of cola products, CEO James Quincey told CNBC that the company had always opposed the legislation and said the law needed to be changed.
The stock is up 14% over the past 12 months, bringing the company to a value of $ 231 billion.