The earnings call presented a balanced view of Coca-Cola's performance. While there were notable achievements in organic revenue growth, value share gains, and regional performance in EMEA and North America, the company also faced challenges with volume declines, geopolitical tensions, and a higher effective tax rate. The sentiment reflects a cautious optimism with strategic pivots to address challenges.

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. The company expects to achieve organic revenue growth of 5% to 6% and comparable currency-neutral earnings per share (EPS) growth of approximately 8%. Despite a 1% decline in volume in the second quarter, Coca-Cola delivered 5% organic revenue growth and 4% comparable EPS growth, driven by robust margin expansion. The company also noted a higher effective tax rate and currency headwinds, which are expected to result in a 5% currency headwind to full-year EPS. Free cash flow, excluding the Fairlife contingent consideration payment, was $3.9 billion, a $600 million increase from the previous year. The company remains confident in its long-term growth strategy, emphasizing agility and adaptability amidst a dynamic operating environment, and anticipates positive volume growth in the second half of the year, supported by strong marketing and innovation initiatives.

Organic Revenue Growth

Coca-Cola reported a 5% organic revenue growth in Q2 2025, demonstrating robust margin expansion and a 4% growth in comparable earnings per share despite currency headwinds.

Continued Value Share Gains

The company achieved its seventeenth consecutive quarter of value share gains, leveraging its global scale and local execution strategies.

Strong Performance in EMEA

All three operating units in EMEA grew volume, with Coca-Cola Zero Sugar, Sprite, and Fuze Tea each showing volume growth.

Fairlife's Growth and Expansion Plans

Fairlife experienced double-digit volume growth in Q2 with plans for US capacity additions starting in early 2026.

Resilient North American Market

Despite volume declines, North America saw improved revenue and profit growth with significant progress in Coca-Cola Zero Sugar, Diet Coke, Fanta, Fairlife, BodyArmor, and Powerade.

Coca-Cola (KO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.78 / -	0.77	―	―	―
Jul 22, 2025	2025 (Q2)	0.83 / 0.87	0.84	3.57% (+0.03)
Apr 29, 2025	2025 (Q1)	0.71 / 0.73	0.72	1.39% (+0.01)
Feb 11, 2025	2024 (Q4)	0.52 / 0.55	0.49	12.24% (+0.06)
Oct 23, 2024	2024 (Q3)	0.74 / 0.77	0.74	4.05% (+0.03)
Jul 23, 2024	2024 (Q2)	0.81 / 0.84	0.78	7.69% (+0.06)
Apr 30, 2024	2024 (Q1)	0.70 / 0.72	0.68	5.88% (+0.04)
Feb 13, 2024	2023 (Q4)	0.49 / 0.49	0.45	8.89% (+0.04)
Oct 24, 2023	2023 (Q3)	0.69 / 0.74	0.69	7.25% (+0.05)
Jul 26, 2023	2023 (Q2)	0.72 / 0.78	0.7	11.43% (+0.08)

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

KO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$70.07	$69.66	-0.59%
Apr 29, 2025	$71.28	$71.84	+0.79%
Feb 11, 2025	$63.62	$66.63	+4.73%
Oct 23, 2024	$67.94	$66.53	-2.08%

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.