Coca-Cola is set to announce its fourth-quarter and fiscal year earnings before the bell Thursday.
Here’s what Wall Street is expecting the company to report, according to a survey of analysts by Refinitiv:
- Earnings per share: 43 cents
- Revenue: $7.035 billion
As global soda consumption declines, the beverage giant has been expanding beyond its core soft-drink business. Last year, it acquired British chain Costa Coffee for $5.1 billion, one of its six acquisitions in 2018.
However, Coke hasn’t moved completely away from soda. The company announced last week that it is adding a new Coke flavor — Orange Vanilla Coke — for the first time in more than a decade. The company’s popular diet soda, Coca-Cola Zero Sugar, has seen double-digit volume growth every quarter so far in 2018.
Coke has been one of the best-performing Dow stocks in the last year, up 13 percent over the last 52 weeks.
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