Overview
- The company beat Wall Street on Tuesday, July 28, reporting adjusted EPS of $0.97 and net revenue of about $13.4 billion, and it raised full‑year comparable EPS growth to 9%–10% and organic revenue to roughly 5%.
- Global unit case volume grew about 5% in Q2, driven by FIFA World Cup marketing and strong demand for zero‑sugar and Trademark Coca‑Cola products, with notable volume leadership in India, China, the United States and Brazil.
- Fairlife, Coca‑Cola’s dairy unit, was hit by a mid‑July ransomware incident that temporarily halted U.S. production but has resumed the majority of operations and is not expected to have a material financial impact; the Anubis group claimed responsibility.
- Management said rising input costs for aluminum, PET and fuel are a growing risk and that it will use regional pricing and pack‑size strategies to protect margins rather than a single company‑wide price move.
- Investors lifted the stock after the results and guidance change, and executives warned of second‑half headwinds to watch, including concentrate‑shipment timing, a six‑day Q4 selling‑day shortfall, the pending CCBA refranchising and an unresolved IRS tax dispute.