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- Coca-Cola reports weakening global sales volumes in second quarter</p>
<p>DEE-ANN DURBIN July 22, 2025 at 4:20 AM</p>
<p>1 / 2Coca ColaBottles of Mexican Coca-Cola are displayed at a grocery store in Mount Prospect, Ill., Thursday, July 17, 2025. (AP Photo/Nam Y. Huh)</p>
<p>Coca-Cola reported better-than-expected earnings in the second quarter as higher prices offset weaker sales volumes.</p>
<p>Case volumes fell 1% globally and 1% in North America, but Coke said Tuesday that pricing rose 6% for the April-June period.</p>
<p>Global case volumes of Coca-Cola fell 1%, mostly due to weaker sales in Latin America. One bright spot was Coca-Cola Zero Sugar, which saw volumes grow 14%.</p>
<p>Traditional Coca-Cola still far outsells the zero-sugar variety, but consumer demand for zero-sugar versions is growing much more quickly.</p>
<p>So it was surprising last week when President Donald Trump said in a social media post that Coca-Cola had agreed to use real cane sugar in its flagship product in the U.S. instead of high-fructose corn syrup. Coke has yet to confirm any such change, but promised new offerings soon.</p>
<p>Global case volumes of juice, dairy and plant-based beverages fell 4%, Coke said. Sports drink case volumes were down 3%, as higher demand in North America was offset by declines in Latin America.</p>
<p>Revenue for the Atlanta company rose 1% to $12.5 billion. Adjusted for one-time items, quarterly revenue was $12.6 billion. That was in line with Wall Street's forecast, according to analysts polled by FactSet.</p>
<p>Net income jumped 58% to $3.8 billion. Its adjusted net income was 87 cents, which was higher than the 83 cents Wall Street forecast.</p>
<p>Coke said Tuesday it now expects full-year adjusted earnings earnings to grow 8%. At the start of the year, Coke had expected earnings to grow 8% to 10%, but in April it lowered that range to 7% to 9%. Coke earned $2.88 per share in 2024.</p>
<p>Shares of Coca-Cola Co. were down slightly early Tuesday as were all major U.S. markets.</p>
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