Coca-Cola Q2 Earnings Expected Tuesday: 93 Cents EPS, $13.16B Revenue

Coca-Cola is expected to report its second-quarter earnings on Tuesday before the bell. Wall Street analysts expect earnings per share of 93 cents and revenue of $13.16 billion. Despite economic uncertainty and volatility, the beverage giant has reported strong demand this year, driven by high-income shoppers willing to pay more for premium products. Rival PepsiCo reported earlier this month that its North American beverage volume fell 4% in the second quarter. For the full year, Coca-Cola is projecting comparable earnings per share growth of 8% to 9% and organic revenue growth of 4% to 5%.

Wall Street Expects 93 Cents EPS and $13.16 Billion Revenue

Wall Street analysts have set earnings per share expectations at 93 cents and revenue expectations at $13.16 billion for Coca-Cola's second quarter. The company has maintained strong demand this year thanks to high-income shoppers who are willing to pay more for premium products. This contrasts with PepsiCo, which reported a 4% decline in North American beverage volume in the second quarter earlier this month.

Fairlife Ransomware Attack Disclosed July 17, Production Resumed

On July 17, Coca-Cola disclosed a ransomware attack that targeted Fairlife, its billion-dollar dairy brand known for high-protein products. The company temporarily suspended production at Fairlife. Coca-Cola said on Monday that it had resumed the majority of operations. According to the company, the stoppage is not expected to have a material impact on Coca-Cola's financial conditions or operations.

Coca-Cola Stocks Climb 19% Year-to-Date, Market Cap Nears $360 Billion

Shares of Coca-Cola have climbed more than 19% this year, outstripping the S&P 500's gains of 8%. The company has a market cap of nearly $360 billion.

FAQ

What are Wall Street's earnings expectations for Coca-Cola's second quarter? Wall Street analysts expect Coca-Cola to report earnings per share of 93 cents and revenue of $13.16 billion for the second quarter.

What happened with Coca-Cola's Fairlife brand on July 17? On July 17, Coca-Cola disclosed a ransomware attack that targeted Fairlife, its billion-dollar dairy brand. The company temporarily suspended production but resumed the majority of operations by Monday. The stoppage is not expected to have a material impact on Coca-Cola's financial conditions or operations.

How have Coca-Cola stocks performed this year? Shares of Coca-Cola have climbed more than 19% this year, outperforming the S&P 500's gains of 8%. The company has a market cap of nearly $360 billion.