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Here’s what to expect from Coca-Cola earnings

Here’s what to expect from Coca-Cola earnings

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.

In December, CEO James Quincey said on CNBC’s “Squawk on the Street” that investors shouldn’t expect that dealmaking pace to continue this year as it integrates its new additions.

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.

This is breaking news. Please check back for updates.

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