Coca-Cola Q1 Earnings Preview: Will Beverage Giant Beat Revenue Estimates For 13th Straight Quarter?
Portfolio Pulse from Chris Katje
Coca-Cola Co (NYSE:KO) is set to report its Q1 financial results on April 30, 2024, with analysts expecting a slight revenue increase to $11.01 billion from last year's $10.98 billion, marking potentially the 13th consecutive quarter of beating revenue estimates. Earnings per share are anticipated to be 70 cents, up from 68 cents in the previous year. The company has previously stated expectations for a 6% to 7% increase in fiscal year organic revenue and a 4% to 5% increase in earnings per share. Key focus areas for the earnings report include consumer spending trends amid inflation, product line revamps, the impact of weight-loss drugs on sales, and the effect of international conflicts.

April 29, 2024 | 5:23 pm
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Coca-Cola is anticipated to continue its streak of beating revenue estimates in Q1 2024, with expected revenue of $11.01 billion and EPS of 70 cents. The company's focus on organic revenue growth and adjustments to product lines and marketing strategies are key areas of interest.
Coca-Cola's consistent track record of surpassing revenue estimates and its strategic focus on organic growth and market adaptation suggest a positive short-term impact on its stock. The anticipation of continued revenue and EPS growth, coupled with strategic initiatives to align with consumer trends and navigate global challenges, supports a positive outlook.
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