When Coca-Cola Co. (NYSE: KO) and PepsiCo Inc. (NYSE: PEP) report
fourth-quarter and full-year earnings later this week, we are very
likely to hear two not-very different version of the same story: slowing
growth, unfavorable currency exchange rates and political turmoil are
creating serious headwinds.
Coke is expected to post quarterly earnings per share (EPS) of $0.42
on revenues $10.76 billion when the company reports results before
markets open on Tuesday. In the year-ago quarter, Coca-Cola had EPS of
$0.46 on revenues of $11.04 billion. For the full year, Coke is expected
to post EPS of $2.03 on revenues of $45.91 billion, both short of 2013
totals of $2.08 per share and $46.85 billion.
Pepsi reports earnings on Wednesday, and analysts are looking for EPS
of $1.08 on revenues of $19.66 billion, compared with EPS of $1.05 and
revenues of $20.12 billion in the year-ago quarter. For the full year,
Pepsi is expected to report EPS of $4.59 on revenues of $66.48 billion,
compared with year-ago results of $4.37 in earnings per share and
revenues of $66.42 billion.
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