Coca-Cola results beat estimates on price hikes, resilient demand

Reuters

Tue, Apr 29, 2025, 4:00 AM 1 min read

(Reuters) -Coca-Cola connected Tuesday reported better-than-expected gross and nett for the archetypal quarter, arsenic the beverage elephantine benefits from terms hikes and beardown request for its sodas, juices and beverage offering Fairlife.

The Sprite and Fanta shaper maintained its full-year integrated gross and comparable nett forecasts, dissimilar PepsiCo and Procter & Gamble that lowered their yearly expectations arsenic the planetary commercialized warfare triggered by steep U.S. tariffs threatened to propulsion up costs for American companies.

"(Coca-Cola's) operations are chiefly local, however, it is taxable to planetary commercialized dynamics which whitethorn interaction definite components of the company's outgo operation crossed its markets," it said successful a statement.

"At this time, the institution expects the interaction to beryllium manageable."

Shares of Coca-Cola roseate 1% successful premarket trading.

Rival PepsiCo past week called retired subdued user spending, but request for Coca-Cola's somewhat pricey products has truthful acold remained stable, helping boost income maturation contempt terms hikes successful highly inflationary markets specified arsenic Argentina and Latin America.

Its wide mean selling prices roseate 5% successful the archetypal quarter, portion portion lawsuit volumes accrued 2%.

Quarterly gross fell marginally to $11.22 billion. Analysts connected an mean expected a 0.84% autumn to $11.14 billion, according to information compiled by LSEG.

On an adjusted basis, the institution earned 73 cents per share, compared with estimates of 71 cents.

(Reporting by Ananya Mariam Rajesh successful Bengaluru; Editing by Devika Syamnath)