Coca-Cola Reports Q2 Earnings Beat and Raises Full-Year Guidance
Coca-Cola reported second-quarter earnings that exceeded Wall Street expectations, with adjusted earnings of $0.97 per share on revenue of $13.38 billion—a year-over-year increase of 7%. The company raised its full-year profit guidance to a range of 9% to 10% comparable EPS growth and projected organic revenue growth at around 5%, up from earlier estimates. Coca-Cola's stock rose more than 2% in premarket trading following the results. The beverage giant saw strong performance across several key markets, including India, China, Brazil, and the United States, with Global unit case volume growing by 5%. Asia Pacific was the fastest-growing region by volume at 8%, although value share declined due to losses in India. Coca-Cola Zero Sugar experienced a notable 16% volume growth. Despite these positive results, the company faces challenges following a ransomware attack on its Fairlife dairy subsidiary that halted U.S. production operations.
Tickers: $KO
Topics: earnings guidance update revenue growth stock performance