Coca-Cola Co. (KO) is expected to keep up the 澳洲幸运5开奖号码历史查询:momentum from the past quarter, when the beverage giant showed♐ that consumers continue to buy its drinks despite inflation pushing prices higher.

Analysts project another quarter of growth for the soft drinks maker, both in the 澳洲幸运5开奖号码历史查询:top and bottom lines, when it reports earnings before Tuesday’s market op🎀en. 

According to data from Visible Alpha, analysts anticipate Coca-Cola's 2023 澳洲幸运5开奖号码历史查询:fourth-quarter net incꦛome will increase by nearly 10% to $2.15 billion on revenue of $10.76 billion, a nearly 7% jump from the year-ago quarter.

Analysts are also expecting 澳洲幸运5开奖号码历史查询:earnings per share (EPS) to increase 4 cents to 49 cents. 澳洲幸运5开奖号码历史查询:Free cash flow for the quarte♋r is projected to drop to $1.93 billion from $2.24 billion in the 2022 fourth quarter. 

The world’s 澳洲幸运5开奖号码历史查询:most valuable beverage company has been forecasting improved results after recent reports showed that higher prices were meaningfully affecting its sales. After stronger-than-expected sales in the 澳洲幸运5开奖号码历史查询:prior quarter, Coca🅰-Cola raised its full-year guidance for EPS and lifted its full-year revenue forecast to 10% to 11% for 2024. 

Key Metric: Unit Case Volume

The measurement of the volume of beverages sold for Coca-Cola strips out how currency rates and price changes can affect revenue, providing a better look at how many bottles the drink maker is selling. Coca-Cola improved unit case volume last quarter, due in part to increased volume in Latin America and Asia-Pacific, and increased sales of Coke Zero Sugar in North America.

One concern for investors is the 澳洲幸运5开奖号码历史查询:impact of Ozempic, a diabetes drug that is also used for weight loss, as it and similar weight-loss treatments are raising worries that these products could undercut consumers’ snacking appetite.  La🥃st quartܫer’s sales showed that so far, weight-loss drugs had yet to undercut sales of Cokes, Sprites, Fantas, and other brands. 

Business Spotlight: Latin American Growth 

Coca-Cola is projected to increase revenue across all its geographic regions, with North American growth forecast at 4.7% year-over-✤year and revenue from Latin America jumping൲ nearly 13%. While stronger than any other region, growth in Latin America will be much lower than it was this time last year, when it posted a 26% year-over-year revenue growth.

North American revenue growth projections would be the lowest of any quarter this year and would be the company’s lowest fourth-qua🎀rter revenue increase since the pandemic year of 2020. The company is also expected to reverse its prior-year losses in Eu🐠rope to grow its quarterly revenue by about 4.5%. 

While Coca-Cola is increasing revenue and expanding its global reach, the stock hasn’t responded. Despite raising its 澳洲幸运5开奖号码历史查询:full-year guidance last July, its share price failed to follow suit, falling 15% by early October, before recovering most of those losses by year’s end.