Overview
- Coca‑Cola reported results on Tuesday with adjusted EPS of $0.97 and net revenues near $13.38–13.4 billion, topping analyst expectations and sending the stock up in premarket trading.
- Global unit case volume rose about 5% for the quarter, led by Coca‑Cola Zero Sugar, which grew roughly 16%, and gains across India, China, the U.S. and Brazil.
- Fairlife, the company’s U.S. dairy unit, halted production at four plants after a mid‑July ransomware attack but has resumed the majority of operations while the attacker Anubis claims responsibility and threatens data release.
- Comparable operating margin expanded to about 35.6% and management raised full‑year guidance to roughly 5% organic revenue growth with 9%–10% comparable EPS growth, while flagging a 2%–3% net‑revenue and ~1% EPS headwind from the planned Coca‑Cola Beverage Africa sale and rising input‑cost risks.
- The results show the company is balancing targeted price and pack moves with product innovation to protect volume and margins, but investors should watch input costs and any further fallout from the Fairlife cyberattack as near‑term downside risks.