Coca-Cola is expected to report a year-over-year increase in both sales and profit when it hands down its second quarter earnings Wednesday, July 26, before the market opens.
Analysts expect the company to post adjusted earnings per share (EPS) of $0.72 on revenue of $11.73 billion, according to Zacks Consensus Estimate.
This would be a 2.9% increase in EPS and 3.6% in revenue over the year-ago quarter where the beverage giant posted adjusted earnings of $0.70 per share on sales of $11.3 billion.
Currency headwinds are expected to impact Coca-Cola’s second quarter report, the company flagged when handing down its 1Q results in April.
The company forecast that comparable net revenues (non-GAAP, meaning excluding irregular or non-recurring costs) are expected to include a 3% to 4% currency headwind based on the current rates and including the impact of hedged positions, in addition to an approximate 1% headwind from acquisitions, divestitures and structural changes.
Comparable EPS (non-GAAP) percentage growth is expected to include a 2% to 3% currency headwind based on the current rates and including the impact of hedged positions, Coca-Cola said back in April.
Coca-Cola shares traded at $62.29 on Thursday afternoon. The stock is down 1% in year-to-date.
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