Coca-Cola (KO) Q4 2024 earnings
From CNBC: 2025-02-11 06:25:02
Coca-Cola is expected to report fourth-quarter earnings with analysts predicting earnings per share of 52 cents and revenue of $10.68 billion. The beverage giant is expected to report a 2.5% decline in quarterly sales due to consumers becoming more price sensitive. Coca-Cola’s away-from-home business has suffered as consumers spend less at restaurants.
McDonald’s, Coca-Cola’s largest customer, reported a steep drop in quarterly U.S. same-store sales, affecting Coca-Cola’s business. Coca-Cola is expecting currency exchange rate changes to negatively impact its results. Shares of Coca-Cola have risen 7% over the past year, with a market cap of roughly $275 billion. Full 2025 outlook will be provided when the fourth-quarter earnings are reported.
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