Coca-Cola beats earnings expectations, confident in managing tariffs impact.

From Yahoo Finance: 2025-04-29 07:15:00

Coca-Cola exceeded first-quarter earnings expectations, anticipating manageable impact from tariffs. Aluminum cans face a 25% tariff, affecting revenue. Coke CFO assured investors of strategies to mitigate costs. Unit case volumes increased by 2%, driven by demand in China, India, and Brazil. North America experienced a 3% decline in case volumes.

Coke faced a video controversy harming U.S. sales, particularly among Hispanics. CEO Quincey refuted false claims, aiming to regain lost sales. Purchasing declined on both sides of the U.S.-Mexico border due to consumer uncertainty. Revenue dropped by 2% to $11.1 billion, but exceeded Wall Street expectations at $11.2 billion, with net income up 5% to $3.3 billion.

Coca-Cola reported adjusted earnings of 73 cents per share, surpassing expectations of 72 cents. Full-year profit expectations were revised down to 7%-9% growth. Shares of Coca-Cola saw a slight increase in Tuesday morning trading.



Read more at Yahoo Finance: Coca-Cola reports better-than-expected quarterly profit, says it can manage through tariffs