Coca-Cola reports US$12.5B Q2 revenue as strong European demand offsets global volume decline 

USA – The Coca‑Cola Company has reported net revenue of US$12.5 billion for the second quarter of 2025, a 1% increase compared to the same period last year.  

The revenue growth was driven primarily by robust demand in European markets, which helped offset weaker volume performance in several other regions. 

Net income attributable to shareholders rose to US$3.81 billion, or 88 cents per share, up from US$2.41 billion, or 56 cents per share, in the second quarter of 2024.  

Organic revenue, which excludes the impact of acquisitions, divestitures, and currency fluctuations, increased by 5%. 

Chairman and CEO James Quincey noted the company’s resilience amid global market fluctuations. “Amid a shifting external landscape in the second quarter, the ability of our system to stay both focused and flexible enabled us to stay on course in the first half of the year,” Quincey stated. He reaffirmed confidence in the company’s progress toward its 2025 financial targets. 

Coca-Cola’s global unit case volume declined by 1% during the quarter. Growth in Central Asia, Argentina, and China was offset by volume decreases in Mexico, India, and Thailand.  

However, the Europe, Middle East & Africa (EMEA) region recorded a 3% rise in unit case volume, supported by increased demand for sparkling flavors, water, coffee, tea, and Trademark Coca‑Cola products. 

Quincey highlighted sequential improvements in volumes across previously weaker markets like the U.S. and Europe, attributing the recovery to strategic initiatives that have begun yielding results. 

In contrast, Latin America experienced a 2% drop in unit case volume, while Asia-Pacific recorded a 3% decline. Globally, Coca-Cola’s sparkling soft drinks segment saw a 1% volume decrease.  

The juice, dairy, and plant-based beverages category fell 4%, and the water, sports, coffee, and tea segment remained flat, with gains in coffee offset by losses in sports drinks. 

As part of its product portfolio expansion, Coca-Cola announced plans to launch a new cola variant made with cane sugar in the U.S. this fall. 

For the full year, the company has narrowed its guidance for comparable earnings per share growth to 3% and maintained its forecast for organic revenue growth between 5% and 6%. 

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