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Retail sentiment on Coca-Cola shifted into the extremely bullish territory, hitting a one-year high (95/100) after the beverage-maker reported strong second quarter earnings while also raising its full-year outlook.<figure class="image"><img style="aspect-ratio:794/231;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_10_42_06_AM_017b245f59.png" alt="Retail sentiment hits one-year high for Coca-Cola post earnings" width="794" height="231"><figcaption>Retail sentiment hits one-year high for Coca-Cola post earnings</figcaption></figure>The company reported revenues of $12.36 billion compared to a Street estimate of $11.76 billion. Adjusted earnings per share (EPS) came in at $0.84 compared to a Street estimate of $0.81. The company expects to deliver organic revenue (non-GAAP) growth of 9% to 10%, compared to an earlier guidance of 8% to 9%. Coca-Cola also raised its comparable EPS (non-GAAP) growth outlook by 1% to a range of 5% to 6%.During the quarter, net revenues grew 3% to $12.40 billion and organic revenues (non-GAAP) grew 15%. The firm said comparable operating margin stood at 32.80% compared to 31.60% in the prior year. The expansion was primarily driven by strong business performance and the impact of re-franchising bottling operations, partially offset by currency headwinds and an increase in marketing investments.James Quincey, Chairman and CEO of The Coca-Cola Company said the firm remains confident in its ability to deliver on the raised 2024 guidance and longer-term objectives.On a consolidated basis, the company's unit case volume grew 2%. Coca-Cola said that developed markets were even, while developing and emerging markets grew mid-single digits, driven by growth in India, Brazil and the Philippines.For the third quarter, the beverage-maker expects net revenues (non-GAAP) to include an approximate 4% currency headwind based on the current rates. This also includes the impact of hedged positions, in addition to a 4% to 5% headwind from acquisitions, divestitures and structural changes, it said.Meanwhile, comparable EPS (non-GAAP) percentage growth is expected to include an approximate 8% currency headwind based on the current rates, it stated.A Stocktwits user named “MAFFHEW_MCCONAGHEY” expressed optimism on the stock as interest rates are expected to come down in the coming times. Not only will that help the company’s fundamentals, but it also makes the stock’s dividend yield more attractive.<figure class="image"><a href="https://stocktwits.com/MAFFHEW_MCCONAGHEY/message/580376305"><img style="aspect-ratio:782/214;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_10_43_19_AM_ac0de082d7.png" alt="Stocktwits user MAFFEW_MCCONAGHEY's post on Coca Cola" width="782" height="214"></a><figcaption>Stocktwits user MAFFEW_MCCONAGHEY's post on Coca Cola</figcaption></figure>Photo Courtesy: James Yarema on Unsplash

Retail Sentiment Hits One Year High For Coca Cola After Strong Q2 Earnings: Here’s What’s Working For The Firm

Retail sentiment on Coca-Cola shifted into the extremely bullish territory, hitting a one-year high (95/100) after the beverage-maker reported strong second quarter earnings while also raising its full-year outlook.

Coca Cola Stock Retail Sentiment Hits One Year High After Strong Q2 Earnings

Equity

Stocktwits sentiment reached extremely bullish territory after the company said it raised its organic revenue (non-GAAP) growth forecast of 9% to 10% (up from 8% to 9%). Coca-Cola also raised its comparable EPS (non-GAAP) growth outlook by 1% to a new range of 5% to 6%. 


Retail sentiment for the plant-based meat substitute producer Beyond Meat Inc. dipped from the extremely bullish territory on Wednesday to neutral (47/100) after a Wall Street Journal report stated that bondholders of the firm are engaged in discussions with the firm about a restructuring of its balance sheet.<figure class="image"><img style="aspect-ratio:778/219;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_18_at_9_52_30_AM_059d56554e.png" alt="Retail sentiment dipped into the neutral territory from extremely bullish following the restructuring report." width="778" height="219"><figcaption>Retail sentiment dipped into the neutral territory from extremely bullish following the restructuring report</figcaption></figure>Shares of the firm dipped about 14% in Thursday’s pre-market trading. According to the report, the group of bondholders are working with the company’s law firm for a possible restructuring. With declining revenues and the company reporting net loss after net loss, its cash balance is dwindling.Let’s understand these metrics from the company’s earnings. For the quarter ended March 2024, the firm reported an 18% decline in its net revenue at $75.60 million. Loss from operations stood at &nbsp;$53.47 million compared to loss from operations of $57.72 million in the year-ago period. The company’s cash and cash equivalents balance, including restricted cash, stood at $173.50 million and total outstanding debt was $1.10 billion as of March 30, 2024. A year ago, the firm’s cash and cash equivalents balance stood at $273.60 million.The firm’s convertible notes were trading at around $0.20 on the dollar earlier this month and the falling stock and bond prices reflect the lack of confidence in the firm’s ability to pay. Interestingly, the latest restructuring comes after the firm’s CFO Lubi Kutua’s remarks in February that it planned to bolster its liquidity and potentially restructure its balance sheet during the year.As far as the stock price is concerned, the firm has lost more than 89% of its market capitalization since it listed in 2019. On a year-to-date basis, the stock has lost over 12%.Despite the sell-off in the pre-market session, bulls on Stocktwits believe the restructuring is good news. One user named ‘DisMania’ has compared Beyond Meat’s restructuring news with Carvana before it went on its own epic run. Still, the lingering uncertainty around how the company is going to turn around its core business is weighing on the stock, as fear of further dilution continues.<figure class="image"><a href="https://stocktwits.com/DisMania/message/579905091"><img style="aspect-ratio:769/632;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_18_at_9_54_18_AM_6c5266c773.png" alt="Stocktwits user DisMania's post on Beyond Meat" width="769" height="632"></a><figcaption>Stocktwits user DisMania's post on Beyond Meat</figcaption></figure>&nbsp;

Retail Investors Remain Neutral On Beyond Meat Stock Despite Restructuring Report And 13% Fall In Stock

For the quarter-ended March 2024, the company’s cash and cash equivalents balance, including restricted cash, stood at $173.50 million. 

Retail Investors Remain Stoic On Beyond Meat Stock Despite Restructuring Report And 13% Fall In Stock

For the quarter-ended March 2024, the company’s cash and cash equivalents balance, including restricted cash, stood at $173.50 million. Retail investors remain concerned that the company can’t generate cash from its operations and will need to get it through more dilutive means.

Volume	64,699.00
52-Wk High	$48.94
52-Wk Low	$40.28

FSTA Fidelity Covington Trust - Fidelity MSCI Consumer Staples Index ETF

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