Coca-Cola reports weakening global sales volumes in second quarter

Coca-Cola reported better-than-expected earnings in the second quarter as higher prices offset weaker sales volumes. Case volumes fell 1 percent globally and 1 percent in North America, but Coke said Tuesday that pricing rose 6 percent for the April-June period. Revenue for the Atlanta company rose 1 percent to 12.5 billion. Adjusted for one-time items, quarterly revenue was 12.6 billion. That was in line with Wall Street’s forecast, according to analysts polled by FactSet. Net income jumped 58 percent to 3.8 billion. Its adjusted net income was 87 cents, which was higher than the 83 cents Wall Street forecast.

Coke said Tuesday it now expects full-year adjusted earnings to grow 8 percent. At the start of the year, Coke had expected earnings to grow 8 percent to 10 percent, but in April it lowered that range to 7 percent to 9 percent. Coke earned 2.88 per share in 2024. Shares of Coca-Cola Co. were down slightly early Tuesday, as were all major US markets.