Coca-Cola is about to report earnings. Here's what to expect [CNBC]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: CNBC
Kevin Carter | Getty Images Coca-Cola is expected to report its fourth-quarter earnings before the bell on Tuesday. Here's what Wall Street analysts surveyed by LSEG are expecting the company to report: Like rival PepsiCo , Coke has seen demand for its drinks soften in recent quarters as low-income shoppers look to save on their grocery bills. But the beverage giant's pricier brands, like Fairlife and Smartwater, have been bright spots for the company, showing that high-income consumers are still willing to pay more for premium drinks. This will mark CEO James Quincey's last earnings report as chief executive. In December, the company announced that COO Henrique Braun will succeed him as CEO, effective March 31. Quincey will remain on Coke's board as executive chair. Shares of Coca-Cola have risen roughly 22% over the last year, raising its market value up to about $335 billion.
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