Coca-Cola is expected to report its fourth-quarter earnings before the bell on Tuesday.

Here’s what Wall Street is expecting the company to report, based on a survey of analysts by LSEG:

• Earnings per share: 52 cents expected
• Revenue: $10.68 billion expected

Analysts are expecting the beverage giant to report a 2.5% decline in quarterly sales. Like many consumer companies, Coca-Cola has seen many shoppers become more price sensitive, although premium brands such as Fairlife and Topo Chico have still been reporting strong growth.

Coca-Cola’s away-from-home business has taken a hit as consumers spend less at restaurants, which can often mean buying a burger without the soda or trading down to a smaller drink size. McDonald’s, which is Coca-Cola’s largest customer, reported on Monday the steepest drop in its quarterly U.S. same-store sales since the Covid-19 pandemic.

Coca-Cola will provide its full 2025 outlook when it reports fourth-quarter earnings, although the company is already expecting currency exchange rate changes to hurt its results. The company is projecting a low-single-digit headwind for comparable revenue and a mid-single-digit headwind for earnings per share.

Shares of Coca-Cola have risen 7% over the past year, raising its market cap to roughly $275 billion.