Shares of Coca-Cola Co. (KO) rose 0.7% in premarket trading Tuesday, after the beverage giant reported second-quarter profit that beat expectations and nudged up its full-year growth outlook, even as revenue came up a bit shy.
The results come less than a week after rival PepsiCo Inc. (PEP) reported strong results, leading to the best one-day stock performance in five years on July 17. It also comes about a week after President Trump said he spoke to Coca-Cola about using real cane sugar in Coke in the U.S., rather than high-fructose corn syrup.
For 2025, the company now expects adjusted earnings per share, which excludes nonrecurring items, to be up 3% from the $2.88 reported in 2024, compared with previous guidance of growth of 2% to 3%.
For the second quarter to June 27, the company said adjusted EPS rose to 87 cents from 84 cents in the same period a year ago, while the average analyst EPS estimate compiled by FactSet was 83 cents.
Revenue grew 1.4% to $12.54 billion, just below the FactSet consensus of $12.57 billion. Concentrate sales and unit case volume both fell 1%, while price and mix improved by 6%.
(This is breaking news. Check back for updates.)
-Tomi Kilgore
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07-22-25 0706ET
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