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HomeFinancialCoca-Cola (KO) Q1 2022 earnings

Coca-Cola (KO) Q1 2022 earnings

An individual carrying a masks pushes a dolly cart previous a Coca-Cola truck as the town continues Part 4 of re-opening following restrictions imposed to gradual the unfold of coronavirus on September 16, 2020 in New York Metropolis.

Alexi Rosenfeld | Getty Photos

Coca-Cola is because of report its first-quarter earnings earlier than the bell Monday.

Here is what Wall Avenue analysts surveyed by Refinitiv predict:

  • Earnings per share: 58 cents anticipated
  • Income: $9.83 billion anticipated

In February, Coke stated it was anticipating comparable earnings per share progress of between 5% and 6% in 2022. The corporate additionally predicted that larger commodity prices would hit earnings by mid-single digits.

Since issuing that forecast, Coke has joined a host of other Western companies in suspending enterprise in Russia after the Kremlin invaded Ukraine. Although, in a regulatory submitting, Coke stated its enterprise in Ukraine and Russia contributed about 1% to 2% of its consolidated internet working income and working revenue in 2021, so pulling out of Russia is unlikely to have an outsized influence on its prime line.

Nevertheless, the battle has led to larger prices for grains, fuel and different commodities, including to the inflation that client firms like Coke have been already going through. Buyers shall be watching to see if consumers maintain shopping for Coke’s drinks as costs rise.

Final quarter, the corporate’s unit case quantity climbed 9% as customers drank extra Coke merchandise outdoors of their properties, a powerful sign for the corporate’s pandemic restoration.

Shares of Coke have climbed 19% over the past 12 months, giving it a market worth of $283 billion.

That is breaking information. Please test again for updates.

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