On Tuesday, Coca-Cola Co., an international beverages company, announced its projected financial outlook for the fourth quarter of 2024. Alongside this, the company also shared its anticipated first-quarter predictions.
For the financial year of 2024, Coca-Cola is estimating a growth in comparable currency-neutral earnings of between 8% to 10%. The company also projects its comparable earnings to increase by 4% to 5% from the reported $2.69 per share in 2023, consequently suggesting expected earnings in a range of $2.80 to $2.82 per share.
The company's projected growth in organic revenue is anticipated to be between 6% to 7%. This expectation takes into account a 2%-3% hindrance from currency fluctuations and a 4%-5% setback due to acquisitions, divestments, and structural modifications.
According to predictions from Wall Street, Coca-Cola is expected to deliver earnings of $2.81 per share, reflecting a revenue growth of 3.5% to $47.08 billion for the year.
In terms of the first quarter, Coca-Cola projects that comparable net revenues will be affected with approximately a 4% setback from currency fluctuations and around a 2% hindrance from acquisitions, divestments, and structural transformations. Comparable earnings are similarly expected to have an approximate 8% currency setback and approximately a 1% complication from acquisitions, divestments, and structural changes.
