Related News

For the first time in history, scientists have captured an image of two black holes orbiting each other, confirming a long-held astronomical theory. Researchers from the University of Turku in

FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe’s big innovation conference, Alte Kongresshalle, Munich. Picture Alliance for DLD | Hubert Burda Media | AP Navan,

The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators. Sora allows users to generate short videos

Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350%

Rocket Lab shares have added more than a quarter in value this week as the aerospace company inked new launch deals in the burgeoning space tech industry. The stock gained

Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto |

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Coca-Cola Q2 results: Net income jumps 58% to $3.8 billion; higher prices offset weaker global volumes

Word Count: 596 | Estimated Reading Time: 3 minutes


Coca-Cola Q2 results: Net income jumps 58% to $3.8 billion; higher prices offset weaker global volumes

Coca-Cola reported a 58% rise in net income to $3.8 billion for the April-June quarter, even as global case volumes fell by 1%, with higher prices helping the beverage giant offset sluggish sales, particularly in Latin America.Revenue for the quarter rose 1% to $12.5 billion, while adjusted revenue stood at $12.6 billion—in line with Wall Street estimates, according to FactSet. Adjusted earnings per share came in at 87 cents, topping analysts’ forecast of 83 cents.The company said global pricing increased by 6% during the second quarter, helping counter declines in overall volumes. In North America, volumes fell 1%, mirroring the global trend.Among product segments, Coca-Cola Zero Sugar emerged as a bright spot, with volumes rising 14%, even as total Coca-Cola volumes declined. The flagship brand still far outsells its zero-sugar variant, but demand for sugar-free options is rising rapidly.The company, however, did not confirm a claim made by President Donald Trump last week on social media that Coca-Cola would switch to real cane sugar in its US drinks instead of high-fructose corn syrup. Coke only said that new offerings were in the pipeline.In other categories, juice, dairy and plant-based beverages saw volumes drop 4%, while sports drink volumes declined 3%, with gains in North America offset by losses in Latin America.Coca-Cola said it now expects full-year adjusted earnings growth of 8%. Earlier this year, the company had projected 8–10% growth, but lowered that to 7–9% in April. In 2024, Coca-Cola earned $2.88 per share.Coca-Cola shares edged slightly lower in early Tuesday trading, along with broader declines across US markets.





Source link

Most Popular Articles