09:06 AM EDT, 10/21/2025 (MT Newswires) -- Coca-Cola (KO) reported better-than-expected fiscal third-quarter earnings on Tuesday, while the beverage giant's revenue matched Wall Street's estimates amid pricing and volume gains.

The company posted adjusted earnings of $0.82 a share for the quarter ended Sept. 26, up from $0.77 the year before, topping the FactSet-polled consensus of $0.78. Adjusted revenue climbed to $12.41 billion from $11.95 billion, in line with the Street's view. The stock rose 2.7% in the most recent premarket activity.

"While the overall environment has continued to be challenging, we've stayed flexible - adapting plans where needed and investing for growth," Chief Executive James Quincey said in a statement. "By offering choice across our total beverage portfolio and leveraging our franchise model's unique strengths, we're gaining ground and strengthening our leadership position."

The maker of Fanta and Sprite recorded a 6% gain in consolidated price and mix for the quarter. Concentrate sales, which reflect the quantity of concentrates, syrups, beverage bases, source waters and powders and minerals sold by the company, were even.

Consolidated unit case volume ticked up 1% amid growth in Central Asia, North Africa, Brazil and the UK. Volume rose 4% in Europe, the Middle East and Africa, but declined 1% in Asia and was flat in North America and Latin America.

Volume was even in the sparkling soft drinks division and dropped 3% in the juice, value-added dairy and plant-based beverages segment. The metric grew 3% in the water, sports, coffee and tea operation.

Coca-Cola continues to project adjusted EPS to rise about 3% and organic revenue to increase by 5% to 6% for fiscal 2025. Foreign exchange is still pegged to be a headwind of 5% to earnings based on current rates. The Street is looking for non-GAAP EPS of $2.98 and sales of $48.34 billion for the ongoing fiscal year.

"We're confident we can deliver on our 2025 guidance while also working to achieve our longer-term objectives," according to Quincey.

Earlier in October, rival Pepsi (PEP) issued an improved full-year earnings outlook amid easing foreign-exchange headwinds.

For the ongoing three-month period, Coca-Cola anticipates currency to negatively impact adjusted EPS by 4% to 5% and provide a slight tailwind to adjusted revenue. For fiscal 2026, foreign exchange is estimated to have a slight positive impact on adjusted EPS and revenue, the company said.

Earlier on Tuesday, Coca-Cola and Gutsche Family Investments said they agreed to offload a 75% controlling stake in Coca-Cola Beverages Africa to Coca-Cola HBC in a deal that values the African bottler at about $3.4 billion.