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Coca-Cola beats quarterly revenue estimates on steady soda demand
UNITED STATES, JUL 22 – Coca-Cola’s Q2 revenue grew 5% driven by higher pricing and strong Coca-Cola Zero Sugar sales despite a 1% volume decline and a boycott in US and Mexico.
- On Tuesday, July 22, 2025, The Coca-Cola Company reported better-than-expected second-quarter earnings, comparable revenue rose 2.5% to $12.62 billion as higher prices offset weaker sales volumes.
- Rising prices in key markets underpinned results as volumes slipped globally, with Coca-Cola raising prices in inflationary markets such as Latin America and the U.S., while global case volumes fell 1%.
- Coca-Cola Zero Sugar volumes grew 14%, highlighting resilient soda demand, while demand for protein milkshake brands in the U.S. has also been strong.
- Following the earnings release, Coca-Cola shares rose about 1% and the company expects currency-neutral EPS growth of approximately 8% for the third quarter.
- The company will launch a cane sugar version of its flagship cola this fall and reiterated its forecast that organic revenue will increase 5% to 6% in 2025.
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Coca-Cola beats on zero-calorie drinks, higher prices
Coca-Cola has today beaten estimates for quarterly revenue and profit, benefiting from resilient demand for zero-calorie drinks as well as higher pricing, and laid out plans to launch a new product made with cane sugar in the US this year.
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