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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%. 


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SSgA Active Trust - Consumer Staples Select Sector SPDR

Consumer Staples Select Sector SPDR

Volume	10.27M
52-Wk High	$79.15
52-Wk Low	$65.18

XLP Consumer Staples Select Sector SPDR

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