Coca-Cola Q2 outcomes: Net income jumps 58% to $3.8 billion; higher prices offset weaker global volumes

Coca-Cola reported a 58% rise in internet income to $3.8 billion for the April-June quarter, at the same time as global case volumes fell by 1%, with higher prices serving to the beverage large offset sluggish gross sales, significantly in Latin America.Revenue for the quarter rose 1% to $12.5 billion, whereas adjusted income stood at $12.6 billion—in step with Wall Street estimates, in accordance to FactSet. Adjusted earnings per share got here in at 87 cents, topping analysts’ forecast of 83 cents.The firm mentioned global pricing elevated by 6% in the course of the second quarter, serving to counter declines in total volumes. In North America, volumes fell 1%, mirroring the global pattern.Among product segments, Coca-Cola Zero Sugar emerged as a vibrant spot, with volumes rising 14%, at the same time as complete Coca-Cola volumes declined. The flagship model nonetheless far outsells its zero-sugar variant, however demand for sugar-free choices is rising quickly.The firm, nonetheless, didn’t verify a declare made by President Donald Trump final week on social media that Coca-Cola would change to actual cane sugar in its US drinks as an alternative of high-fructose corn syrup. Coke solely mentioned that new choices had been within the pipeline.In different classes, juice, dairy and plant-based drinks noticed volumes drop 4%, whereas sports activities drink volumes declined 3%, with good points in North America offset by losses in Latin America.Coca-Cola mentioned it now expects full-year adjusted earnings progress of 8%. Earlier this yr, the corporate had projected 8–10% progress, however lowered that to 7–9% in April. In 2024, Coca-Cola earned $2.88 per share.Coca-Cola shares edged barely decrease in early Tuesday buying and selling, together with broader declines throughout US markets.