- Coca-Cola reported Q2 EPS of $0.97, beating estimates of $0.93, with global unit case volume up 5%.
- The company raised its full-year profit outlook, citing improved top-line performance and pricing dynamics.
- Shares rose 2% in premarket trading as investors welcomed the upbeat guidance.
A fizzy quarter
Coca-Cola delivered a strong beat in the second quarter, with earnings per share of $0.97 exceeding the consensus estimate of $0.93, according to people familiar with the matter. Global unit case volume rose 5%, driven by robust demand across multiple regions. The company reaffirmed its full-year organic revenue growth target of approximately 5% and raised its annual profit outlook, supported by favorable pricing and mix.
“The results reflect the resilience of our portfolio and the strength of our execution,” a company spokesperson said in a statement. Currency movements are now expected to provide a tailwind of roughly 1% on revenue and 3% on EPS for the full year, a shift from earlier expectations of headwinds.
The stock gained about 2% in premarket trading, signaling investor approval of the beat-and-raise scenario. Analysts are likely to adjust their models upward, focusing on the sustainability of volume growth and margin expansion.
Coca-Cola’s ability to navigate currency volatility and bottler refranchising has been a hallmark, and the current currency tailwind adds a layer of support. The company continues to invest in product innovation and digital marketing to capture shifting consumer preferences.
We reached out to Coca-Cola for additional comment but did not receive an immediate response.
Correction: An earlier version of this article misstated the currency tailwind for EPS as 2%. It is 3%.