09:10 AM EDT, 04/29/2025 (MT Newswires) -- Coca-Cola (KO) reported better-than-expected first-quarter results on Tuesday amid volume and pricing gains, while the beverage giant reiterated its full-year growth outlook for earnings and organic revenue.

The company posted adjusted earnings of $0.73 a share for the quarter ended March 28, up from $0.72 the year before, which was the consensus on FactSet. Adjusted revenue edged down to $11.22 billion from $11.23 billion in the prior-year period, but topped the Street's view for $11.16 billion. The stock inclined 1% in premarket activity.

"Our performance this quarter once again demonstrates the effectiveness of our all-weather strategy," Chief Executive James Quincey said in a statement. "Despite some pressure in key developed markets, the power of our global footprint allowed us to successfully navigate a complex external environment."

The maker of Fanta and Sprite continues to project adjusted EPS to rise between 2% and 3% for fiscal 2025 versus last year's $2.88. Foreign exchange is now set to be a headwind of 5% to 6% to earnings based on current rates, compared with the prior forecast for a 6% to 7% impact. Organic revenue is still pegged to grow by 5% to 6% for the current year.

Last week, rival PepsiCo (PEP) lowered its fiscal 2025 earnings outlook amid anticipated cost pressures that may further weaken consumer sentiment.

Coca-Cola said its operations are mainly local, but global trade dynamics could impact certain components of its cost structure across its markets. Currently, the company anticipates the impact to be "manageable."

Earlier this month, US President Donald Trump announced sweeping new tariffs on imports from several nations, including China and Japan. Trump later declared a 90-day pause on duties for non-retaliating countries. However, the US and China have been in a deadlock, having raised tariffs on each other's goods multiple times.

"In our view, the company should remain insulated from recent US trade policy and weak consumer sentiment, due in large part to its geographically diverse portfolio (North America is only ~16% of company volumes) and localized supply chains," Truist Securities said in a client note.

Coca-Cola recorded a 5% rise in consolidated price and mix for the first quarter, with the impact from markets experiencing "intense inflation" contributing less compared with the prior-year quarter. Concentrate sales, which reflect the quantity of concentrates, syrups, beverage bases, source waters and powders and minerals sold by the company, increased 1% on a yearly basis. Foreign currency had a negative impact of 5% on revenue.

Consolidated unit case volume moved 2% higher, led by India, China and Brazil. Volume grew across Asia Pacific and Europe, the Middle East and Africa, but declined 3% in North America and remained flat in Latin America.

Volume gained 2% each in the sparkling soft drinks and water, sports, coffee and tea divisions. In the juice, value-added dairy and plant-based beverages operation, volume ticked up 1%, mainly buoyed by growth in the Asia Pacific region.

For the ongoing three-month period, Coca-Cola anticipates currency headwinds of 5% to 6% on adjusted EPS and about 3% on adjusted revenue.