Coca-Cola shares have been on a steady climb upward over the last two months, gaining 11%. The stock has a market value of $265 billion.
Wall Street analysts are expecting Coca-Cola to report quarterly earnings of 41 cents per share and revenue of $8.96 billion.
The beverage giant is facing higher costs and the potential drag on its business from the omicron variant. CEO James Quincey said on CNBC in October that the company's stock is likely getting punished for the away-from-home business.Here's what Wall Street analysts surveyed by Refinitiv are expecting:Last quarter, Coke saw a strong demand for its drinks return as consumers began visiting restaurants, movie theaters and sports arenas more regularly. However, the omicron variant may have reversed some of that progress.
Inflation poses another challenge to Coke. Like other consumer packaged goods companies, Coke is facing higher costs ranging from freight to orange juice. The beverage giant has been strategically raising prices across its portfolio, but it risks consumers trading down to private label products.
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