Coca-Cola’s Q2 Profits Surpass Estimates While Sales Fall Short

The Coca-Cola Company (KO) posted better second-quarter profits than analysts had projected on Tuesday morning, while sales fell short.

The soda maker said Tuesday it earned a “comparable,” or adjusted, $0.87 per share, 4 cents better than estimates, while revenue rose 1% to $12.5 billion in the quarter, just below the analyst consensus compiled by Visible Alpha.

Coca-Cola narrowed its full-year profit forecast, saying it expects comparable EPS to grow by about 3% from $2.88 in 2024, compared to its previous 2% to 3% range. Comparable revenue and EPS are each expected to be negatively impacted by currency exchange rates in the third quarter and second half of the year, the company said.

Shares were down nearly 1% shortly after the results were released. They entered Tuesday up about 13% since the start of this year.

Coca-Cola to Introduce Cane Sugar Soda This Fall

Coca-Cola said in Tuesday’s release that it plans “to launch an offering made with U.S. cane sugar to expand its Trademark Coca-Cola product range” this fall. The company said the new U.S. product is “designed to complement the company’s strong core portfolio and offer more choices across occasions and preferences.”

The announcement comes after President Donald Trump last week said the company had agreed to sweeten its iconic soda with cane sugar as officials in his administration have pushed food companies to abandon certain ingredients such as artificial dyes and high fructose corn syrup.

The maker of its namesake beverage, Sprite, and dozens of others topped profit estimates while sales fell short last quarter, as the company said it expected a “manageable” impact from tariffs over the full year. Analysts said ahead of the report that Coca-Cola’s biggest tariff headwinds would likely be from fruit juice and aluminum it imports to make its products.

Soda rival PepsiCo (PEP) topped estimates in its own second-quarter report last week, touting strong international sales growth.

UPDATE—July 22, 2025: This article has been updated with the latest share price information and comments from Coca-Cola on its plans to launch a cane sugar-sweetened product.