The Coca-Cola Company (KO), headquartered in Atlanta, Georgia, is renowned worldwide for its various nonalcoholic beverages. Valued at $272.82 billion by market cap, the company provides sparkling soft drinks, sparkling flavors, juice, value-added dairy, plant-based beverages, and other beverages under various brands, including Coca-Cola, Sprite, Fanta, Dasani, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Minute Maid, etc. The beverages major is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, July 23.
Ahead of the event, analysts expect KO to report a profit of $0.80 per share on a diluted basis, up 2.6% from $0.78 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, KO reported that its global unit case volume rose 1% and reiterated its full-year comparable earnings growth outlook of 4% to 5%.
