The earnings call highlighted Coca-Cola's strong revenue growth, value share gains, and successful regional strategies, particularly in North America and EMEA. However, challenges remain with volume declines, especially in Asia Pacific and emerging markets, as well as currency headwinds impacting earnings. Overall, the sentiment is balanced with a slight positive tilt due to strong financial performance and an improved outlook.

Company Guidance -

Q3 2025

During the Coca-Cola Company's Second Quarter 2025 Earnings Results Conference Call, the company provided updated guidance for the remainder of the year, highlighting several key metrics. Coca-Cola reported a 5% organic revenue growth and a 4% increase in comparable earnings per share, despite a 1% volume decline and a 5% currency headwind. The company gained value share for the seventeenth consecutive quarter and achieved an 80 basis point increase in comparable gross margin and a 190 basis point rise in comparable operating margin. For the full year, Coca-Cola expects organic revenue growth of 5% to 6% and comparable currency-neutral earnings per share growth of approximately 8%. Despite facing challenges such as adverse weather and geopolitical tensions, Coca-Cola remains confident in navigating the dynamic environment, leveraging strategic growth initiatives and enhancing its marketing and operational capabilities to deliver on its 2025 guidance.

Organic Revenue Growth

The company delivered 5% organic revenue growth and robust margin expansion, leading to 4% comparable earnings per share growth despite currency headwinds and a higher effective tax rate.

Value Share Gains

Coca-Cola achieved its seventeenth consecutive quarter of value share gains, indicating strong market performance across various regions.

North America Performance

Despite volume decline, Coca-Cola gained value share and achieved revenue and profit growth in North America, with several brands showing strong volume growth.

EMEA Region Success

All three operating units in EMEA grew volume, with revenue and profit growth, driven by successful campaigns and strong brand performance.

Strong Financial Results

The company reported a free cash flow increase of approximately $600 million versus the prior year, driven by underlying business performance and lower tax payments.

Improved Guidance

Coca-Cola updated its 2025 guidance to reflect continued strong performance, with expected comparable currency-neutral earnings per share growth of approximately 8%.

Coca-Cola (DE:CCC3) Earnings, Revenues Date & History

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DE:CCC3 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.67 / -	0.656	―	―	―
Jul 22, 2025	2025 (Q2)	0.71 / 0.74	0.715	3.57% (+0.03)
Apr 29, 2025	2025 (Q1)	0.61 / 0.62	0.613	1.39% (<+0.01)
Feb 11, 2025	2024 (Q4)	0.44 / 0.47	0.417	12.24% (+0.05)
Oct 23, 2024	2024 (Q3)	0.63 / 0.66	0.63	4.05% (+0.03)
Jul 23, 2024	2024 (Q2)	0.69 / 0.72	0.664	7.69% (+0.05)
Apr 30, 2024	2024 (Q1)	0.59 / 0.61	0.579	5.88% (+0.03)
Feb 13, 2024	2023 (Q4)	0.42 / 0.42	0.383	8.89% (+0.03)
Oct 24, 2023	2023 (Q3)	0.59 / 0.63	0.588	7.25% (+0.04)
Jul 26, 2023	2023 (Q2)	0.61 / 0.66	0.596	11.43% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:CCC3 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	€59.84	€59.23	-1.02%
Apr 29, 2025	€62.70	€62.91	+0.33%
Feb 11, 2025	€61.24	€63.55	+3.77%
Oct 23, 2024	€62.97	€61.43	-2.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.