Soda giant The Coca-Cola Company (KO) is expected to announce its fourth-quarter 2018 earnings on Feb. 14, before the opening bell.
For the past six quarters, Coca-Cola has beaten Street estimates. Moreover, in the last five quarters, it also beat the sales consensus.
For the reporting period, analysts estimate Coca-Cola to make about $7.05 billion in sales and generate 43 cents per share.
Despite various setbacks, Coca-Cola seems to be on track to save about $3.8 billion by 2019, helped by productivity programs. Along with that, the soda giant’s strategy of using its brands more effectively on a global scenario. This seems to have bolstered investor sentiment, for the stock has gained more than 14% in the last year, while the entire industry has slipped over 5%.
However, in the fourth quarter, rising freight and input costs came to haunt Coca-Cola, and this led to a price increase. How the entire set of factors are going to affect the top-line and bottom-line is yet to be seen, but the company expects unfavorable exchange rates to hurt its results. Currency headwinds are expected to impact the comparable operating income by 10-11% in the quarter.
In the previously reported third quarter, Coca-Cola saw revenue fall 9% on the negative impact of re-franchising the bottling operations.
But the solid price per mix and higher unit case volume lifted the EMEA division results then.
The Latin America division’s revenue shot up 11% then on Mexico performance and pricing in Argentina. These are expected to favorably affect this time around as well.
Coca-Cola is looking at a positive result when it posts its earnings later this week, mostly due to its solid diversification of products and brands across the globe and how its re-franchising have panned out. As rival PepsiCo (PEP) also posts its results later in the week, we’ll know who really won the Cola Wars this time around.
We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard