Beverage giant Coca-Cola (KO) has reported first-quarter financial results that beat Wall Street forecasts and reaffirmed its full-year guidance.
The Atlanta-based company announced earnings per share (EPS) of $0.73 U.S., which was better than the $0.71 U.S. expected among analysts who follow the company.
Revenue in the first three months totaled $11.22 billion U.S., which also topped the $11.14 billion U.S. that had been anticipated on Wall Street. Sales were down 2% from a year earlier.
In terms of forward guidance, Coke said it is still anticipating that its organic revenue will grow 5% to 6% and comparable earnings per share will increase 2% to 3% for all of 2025.
In its earnings release, management said that the impacts from tariffs and global trade conflicts should be “manageable” moving forward.
Coca-Cola benefits from the fact that its operations around the world are primarily local, although some costs, such as aluminum cans, could rise due to U.S. President Donald Trump’s import tariffs.
The company’s unit case volume grew 2% in the quarter, lifted by growth in India, China and Brazil. The metric strips out foreign currencies to reflect demand.
The company’s sparkling soft drinks segment, which includes its namesake soft drink, saw volume rise 2%. Coke Zero Sugar’s volume climbed 14% between January and March.
Coke’s water, sports, coffee and tea segment also posted volume growth of 2% due to higher demand for its water products.
The company’s sports drinks and coffee brands saw declining volumes, while tea was flat in Q1.
The stock of Coca-Cola has risen 16% this year to trade at $71.79 U.S. per share.
