The Coca-Cola Company 2025 Second Quarter Earnings Preview

Market Expectations

TradingKey - The Coca-Cola Company is expected to release its Q2 2025 earnings report before the market opens on July 22, 2025, followed by an investor conference call at 8:30 AM Eastern Time. Below are the market expectations for Coca-Cola’s Q2 revenue and earnings per share (EPS):

• Revenue Expectation: Coca-Cola’s total revenue for Q2 2025 is projected to reach $12.55 billion, representing a 1.95% increase from $12.31 billion in Q2 2024.
• EPS Expectation: The expected earnings per share (EPS) for Q2 2025 is $0.84, flat compared to Q2 2024, indicating zero growth.

Key Investor Focus Areas

Unit Case Volume Growth: Unit case volume is a key indicator of product demand, with particular importance in global and emerging markets (e.g., India, China, and Brazil). The Q1 2025 report showed a 2% growth in unit case volume, and investors will look for whether this trend continues in Q2, especially given the uncertainty in the global macroeconomic environment.

Price/Mix Performance: Price/mix contribution reflects the effectiveness of the company’s pricing strategy and product mix optimization, directly impacting revenue growth. A 5% price/mix growth in Q1 2025 demonstrated the company’s pricing power in addressing inflationary pressures, and investors will monitor whether this momentum is sustained in Q2.

Regional Performance: Regional variations in the company’s global operations may significantly affect overall performance. The contrast between the growth potential in emerging markets (e.g., Asia and Latin America) and the stable performance in developed markets (e.g., North America and Europe) will be a key focus. The Q1 2025 report highlighted strong performance in emerging markets, and investors will seek further details for Q2.

Cost Management: Amid ongoing inflation and supply chain pressures, cost management will be a focal point. The Q1 2025 report showed a significant improvement in operational efficiency, with the operating margin rising from 18.95% to 32.88%. Investors will assess whether the company can maintain this trend, particularly in the face of rising raw material costs (e.g., aluminum and orange juice).

Product Innovation: Coca-Cola has shown strong performance in the zero-sugar and sparkling beverage segments, attracting consumers with limited-edition flavors. Investors should focus on the Q2 earnings report to assess how these innovations drive sales and margin growth, potentially boosting EPS.

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