Consumer Non-Cyclical Sector Review: Coca-Cola Q4 Expectations, Pepsi and Brian Cornell

The Coca-Cola Company (NYSE:KO) is expected to report Q4 earnings before the open on Tuesday, February 7, with a conference call scheduled for 9:30 am ET. Analysts are looking for a profit of 77c on revenue of $10.99B. The consensus range is 75c-80c for EPS, and revenue of $10.75B-$11.44B, according to First Call. During its last earnings conference call, Coca-Cola warned that currencies would adversely impact Q4 operating income by low to mid single digits and investors will be interested to learn what the final impact really was. The company may also offer interesting commentary on recent issues surrounding unapproved fungicide found in some of its orange juice sold in the U.S. The Wall Street Journal said today that it expects Coca-Cola to report solid profit, but sees 2012 as likely be a lot tougher. Also, Ad Age speculated last week that rival PepsiCo (NYSE:PEP) may announce plans to increase its marketing investment by $400M-$500M in a bid to regain lost market share in its beverage segment.

The shares closed at $68.03, down $0.05, or 0.07%, on the day. Its market capitalization is $154.51 billion.

PepsiCo, Inc. (NYSE:PEP) is in talks to recruit Brian Cornell, a former Wal-Mart (NYSE:WMT) executive, for a key job with the company, Bloomberg reports, citing two people familiar with the discussions. The sources, which note that other companies are also trying to recruit Cornell, add that the proposed position at PepsiCo would be equivalent in status to a division CEO, reporting directly to CEO Indra Nooyi.

The shares closed at $66.52, down $0.14, or 0.21%, on the day. Its market capitalization is $104.00 billion.

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