Coca-Cola (KO) Q3 2021 earnings
On Tuesday, February 9, 2021, a worker replenished a Coca-Cola Co. display at an Orem store, Utah.
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Coca-ColaThe market will open on Wednesday and the company is likely to announce fiscal third-quarter earnings.
Refinitiv has surveyed Wall Street analysts to see what they expect:
- Earnings per share: 58 cents
- Revenue: $9.75 billion
Coke, like most other food and drink companies is facing higher commodity and transport costs. Last quarter, however, Chief Financial Officer John Murphy said that the company was feeling goodConcerning the remaining year. Coke stated that it would raise prices and employ productivity levers in order to control volatility during the second half 2021.
Coke expects organic revenue to grow by 12%-14% over the year and adjusted earnings per share to increase 13%- 15% for the entire year.
In a note sent to clients, Nik Modi, RBC Capital Markets analyst said that there are other issues to be aware of before Coke releases its earnings report. Modi stated that recent channel checks by his team have shown that bottlers face more challenges getting their products on the market because of driver shortages. This is mainly in Europe and the United States.
Coke stock dropped by about 1% in the past year. Coke’s market capitalization is $235 billion.
—CNBC’s Amelia LucasThis reporting was contributed by you.