The Coca-Cola Company is set to release its first-quarter earnings report on Tuesday before the market opens. Analysts surveyed by LSEG anticipate earnings per share of 70 cents and revenue of $11.01 billion. Despite a decline in volume for PepsiCo’s North American beverage business, analysts remain optimistic about demand for Coca-Cola’s products. However, a potential pullback in fast-food spending could impact Coke’s sales, as approximately half of its revenue is generated from away-from-home locations. For 2024, Coca-Cola projects organic revenue growth of 6%-7% and a 4%-5% increase in comparable earnings per share. However, the company acknowledges that foreign exchange rates may negatively affect both earnings and revenue for the full year. Coca-Cola’s stock has declined by 3.5% over the past year, reducing its market value to $267 billion.