Coca-Cola reports second-quarter earnings on Tuesday, with Wall Street expecting earnings per share of $0.93 and revenue of $13.17 billion. The results will shed light on consumer discretionary spending amid inflationary pressures and geopolitical uncertainty, particularly after rival PepsiCo warned that rising fuel costs are causing shoppers to pull back more than expected at convenience stores. Coca-Cola raised its annual earnings target in April, betting on higher demand for its sodas and other drinks, and its stock has climbed over 4% since its first-quarter report. Analysts remain cautious, with Seeking Alpha's Quant ratings at Hold and Wall Street analysts at Buy, while CFO John Murphy has said the overall impact on the company's cost basket is manageable for now.
The Coca-Cola CompanyCoca-Cola raised annual earnings target betting on higher demand for its sodas and other drinks
PepsiCo IncPepsiCo warned that rising fuel costs are causing shoppers to pull back more than expected at convenience stores
Coca-Cola Europacific Partners PLC