Coca-Cola Earnings Preview: Currency Headwinds Could More Than Offset Positive Price Mix In The U.S.

Analysts expect the company's fourth quarter earnings per share to be down 9% from 2013 levels to $0.42. Coca-Cola's financials have partly been dragged down by refranchising of certain territories in North America and the devaluation of the Venezuelan bolivar. If we take out the impact of structural changes and currency translations, the company's revenues rose 2% through September. Having said this, Coca-Cola's core business has also been grappling for organic growth.