Coca-Cola reports better-than-expected quarterly profit, says it can manage through tariffs

Coke's Chairman and CEO James Quincey said successful February that the institution could displacement aluminum suppliers, trust much heavy connected integrative oregon solid bottles and instrumentality different measures to counteract the tariffs.

Coke's portion lawsuit volumes grew 2% successful the archetypal quarter, led by higher request successful China, India and Brazil. Coca-Cola Zero Sugar was a standout, with lawsuit volumes up 14%. Demand for sports drinks and java fell.

In North America, lawsuit volumes fell 3%. Prices roseate 8%, partially due to the fact that Coke sold a higher premix of premium beverages similar Topo Chico sparkling h2o and Fairlife milk.

Revenue fell 2% to $11.1 cardinal successful the January-March period, the institution said Tuesday. That was successful enactment with Wall Street’s expectations, according to analysts polled by FactSet.

Net income roseate 5% to $3.3 cardinal for the quarter. Adjusted for one-time items, the Atlanta institution earned 73 cents per share. That bushed expectations of 72 cents.

Coke moderated expectations for its full-year nett Tuesday. The institution said it present expects full-year adjusted net to turn 7% to 9%, down from 8% to 10% previously. Coke earned $2.88 per stock successful 2024.

Shares of Coca-Cola roseate astir 1% earlier the opening doorbell Tuesday.