Q1 25 EPS
$0.73
BEAT +1.94%
Est. $0.72
Q1 25 Revenue
$11.13B
MISS 0.37%
Est. $11.17B
vs S&P Since Q1 25
-18.9%
TRAILING MARKET
KO +11.1% vs S&P +30.0%
Market Reaction
Did KO Beat Earnings? Q1 2025 Results
Coca-Cola delivered a mixed but broadly resilient first quarter for 2025, posting earnings per share of $0.73 against a consensus estimate of $0.72, a beat of 1.94%, while revenue of $11.13 billion came in just shy of the $11.17 billion Wall Street e… Read more Coca-Cola delivered a mixed but broadly resilient first quarter for 2025, posting earnings per share of $0.73 against a consensus estimate of $0.72, a beat of 1.94%, while revenue of $11.13 billion came in just shy of the $11.17 billion Wall Street expected, falling 1.5% year over year. The top-line softness was largely a story of currency, not demand: organic revenue grew 6% as substantial foreign exchange headwinds and refranchising impacts weighed on reported figures. Underpinning the quarter's strength was 2% global unit case volume growth, with Asia Pacific up 6% and Coca-Cola Zero Sugar extending its momentum with 14% global volume growth, even as North America saw a 3% volume decline. Analysts raised price targets following the results, encouraged by the company's production model that helped insulate it from tariff pressures. Management held its full-year outlook, projecting organic revenue growth of 5% to 6% and comparable EPS growth of 2% to 3% against a 5% to 6% currency headwind.
Key Takeaways
- • Global unit case volume growth of 2% led by India, China, and Brazil
- • Price/mix grew 5% driven by pricing actions in the marketplace
- • Coca-Cola Zero Sugar grew 14% globally across all geographic segments
- • Asia Pacific unit case volume grew 6% across all beverage categories
- • Organic revenue growth of 6% with 5% price/mix and 1% concentrate sales growth
- • Comparable operating margin expanded 134 basis points to 33.8%
- • Effective cost management and timing of marketing investments
KO YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
KO Revenue by Segment
With YoY comparisons, source: SEC Filings
KO Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our performance this quarter once again demonstrates the effectiveness of our all-weather strategy. Despite some pressure in key developed markets, the power of our global footprint allowed us to successfully navigate a complex external environment. By remaining true to our purpose and staying close to the consumer, we are confident in our ability to create enduring long-term value.”
— James Quincey, Q1 2025 Earnings Press Release
KO Earnings Trends
KO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KO EPS Trend
Earnings per share: estimate vs actual
KO Revenue Trend
Quarterly revenue: estimate vs actual
KO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.86 | — | $12.47B | +1.97% |
| Q4 25 BEAT FY | $0.56 | $0.58 | +3.57% | $11.82B | — |
| FY Full Year | $2.99 | $3.00 | +0.35% | $47.94B | -0.68% |
| Q3 25 BEAT | $0.78 | $0.82 | +5.25% | $12.46B | +0.35% |
| Q2 25 BEAT | $0.84 | $0.87 | +3.91% | $12.54B | -0.15% |
| Q1 25 BEAT | $0.72 | $0.73 | +1.94% | $11.13B | -0.37% |