financetom
Business
financetom
/
Business
/
Coca-Cola tops estimates on steady soda demand, plans cane sugar-based products
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Coca-Cola tops estimates on steady soda demand, plans cane sugar-based products
Jul 22, 2025 4:32 AM

(Reuters) -Coca-Cola beat Wall Street estimates for second-quarter revenue and profit on Tuesday, as the beverages giant benefited from resilient demand for zero-sugar drinks and higher prices for its sodas.

The company said it plans to launch an offering made with U.S. cane sugar under its trademark Coca-Cola product range, days after an announcement from President Donald Trump.

Food companies have rolled out plans to make changes in ingredients and include healthier substitutes amid Health Secretary Robert F. Kennedy Jr.'s Make America Healthy Again (MAHA) campaign.

Prices rose 6% overall in the second quarter, following a 5% rise in the prior quarter, led by increases in some inflationary markets.

Meanwhile, total case volumes fell about 1%, compared with a 2% rise in the preceding three-month period.

Coca-Cola Zero Sugar jumped 14%, driven by growth across all geographies.

The company's comparable revenue rose 2.5% to $12.62 billion. Analysts on average had expected $12.54 billion, according to data compiled by LSEG.

Excluding items, the company earned 87 cents per share, beating estimates of 83 cents.

The company's shares were last down marginally in choppy premarket trading. They have risen 12.5% so far this year.

(Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Market Chatter: Microsoft, OpenAI Hire Investment Banks Over $14 Billion Investment Conversion
Update: Market Chatter: Microsoft, OpenAI Hire Investment Banks Over $14 Billion Investment Conversion
Oct 18, 2024
04:08 PM EDT, 10/18/2024 (MT Newswires) -- (Updates with Microsoft's ( MSFT ) response in the fifth paragraph.) Microsoft ( MSFT ) and OpenAI are negotiating over how to convert Microsoft's ( MSFT ) nearly $14 billion investment in OpenAI to equity as it shifts from a nonprofit to a for-profit company, The Wall Street Journal reported Friday, citing sources...
Goldman Sachs Group Insider Sold Shares Worth $2,123,758, According to a Recent SEC Filing
Goldman Sachs Group Insider Sold Shares Worth $2,123,758, According to a Recent SEC Filing
Oct 18, 2024
04:19 PM EDT, 10/18/2024 (MT Newswires) -- Brian J Lee, Chief Risk Officer, on October 17, 2024, sold 4,000 shares in Goldman Sachs Group ( GS ) for $2,123,758. Following the Form 4 filing with the SEC, Lee has control over a total of 20,903 shares of the company, with 10,095 shares held directly and 10,808 controlled indirectly. SEC Filing:...
Capricor Therapeutics Closes Underwritten Public Offering
Capricor Therapeutics Closes Underwritten Public Offering
Oct 18, 2024
04:14 PM EDT, 10/18/2024 (MT Newswires) -- Capricor Therapeutics ( CAPR ) said Friday it closed its public offering of roughly 5.1 million shares, including the exercise in full of the underwriters' over-allotment option, for gross proceeds of about $86.3 million. Net proceeds will be used for the development and manufacturing of its product candidates as well as working capital...
--Value Line Keeps Quarterly Dividend at $0.30 a Share, Payable Nov. 12 to Shareholders of Record on Oct. 28
--Value Line Keeps Quarterly Dividend at $0.30 a Share, Payable Nov. 12 to Shareholders of Record on Oct. 28
Oct 18, 2024
03:45 PM EDT, 10/18/2024 (MT Newswires) -- Price: 53.26, Change: +1.56, Percent Change: +3.02 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved