Coca-Cola (KO) Tops Q2 EPS by 4c, Misses on Revenue; Offers Guidance

Coca-Cola (NYSE: KO) reported Q2 EPS of $0.87, $0.04 better than the analyst estimate of $0.83. Revenue for the quarter came in at $12.5 billion versus the consensus estimate of $12.55 billion.

Based on the current macroenvironment, the company is providing the following full year guidance.

The company expects to deliver organic revenue (non-GAAP) growth of 5% to 6%. — No Update

For comparable net revenues (non-GAAP), the company expects a 1% to 2% currency headwind based on the current rates and including the impact of hedged positions, in addition to an approximate 1% headwind from acquisitions, divestitures and structural changes. — Updated

The company’s operations are primarily local, however, they are subject to global trade dynamics that may impact certain components of the company’s cost structure across its markets. At this time, the company expects the impact to be manageable. — No Update

The company’s underlying effective tax rate (non-GAAP) is estimated to be 20.8% versus 18.6% in 2024. This includes the impact of several countries enacting the global minimum tax regulations and does not include the impact of ongoing tax litigation with the U.S. Internal Revenue Service, if the company were not to prevail. — No Update

The company expects to deliver comparable currency neutral EPS (non-GAAP) growth of approximately 8%. — Updated

The company expects comparable EPS (non-GAAP) growth of approximately 3% versus $2.88 in 2024. — Updated

For earnings history and earnings-related data on Coca-Cola (KO) click here.

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