KO Coca Cola's revenue decreased by 1% to $12 billion, surpassing estimates by $290 million. The company reported an adjusted earnings per share (EPS) of $0.77, beating expectations by $0.02. The revenue decline was mainly due to unfavorable currency effects. However, organic revenue rose by 9%, exceeding the expected 6% and significantly outperforming PepsiCo’s 1% organic growth reported two weeks ago. This was largely driven by a 10% increase in the price mix across all categories. Despite higher prices, unit case volume fell by just 1%, highlighting Coca-Cola’s ability to sustain consumer demand.
Coca-Cola maintained its full-year EPS growth forecast of 5% to 6%, while signaling a return to a "more normalized level of pricing" in the future. Looking ahead, the company faces challenges from a stronger U.S. dollar and the increasing use of obesity medications, which may impact future demand, especially in North America.