🔹 Adj. EPS: $0.73 (Est. $0.72) 🟢; UP +1% YoY
🔹 Revenue: $11.1B (Est. $11.16B) 🔴; DOWN -2% YoY
🔹 Organic Rev Growth: +6% (Est. +5.2%) 🟢
🔹 Concentrate Sales: +1% (Est. -0.03%) 🟢
FY25 Guidance (Reaffirm):
🔹 Organic Rev Growth: +5% to +6% (Est. +5.2%) 🟡
🔹 Adj. EPS Growth (currency neutral): +7% to +9%
🔹 Adj. EPS Growth (reported): +2% to +3%
🔹 Expected FY EPS: $2.94–$2.97 (Est. in line) 🟡
🔹 FX Headwind: 5–6% to EPS, 2–3% to revenue
🔹 Capex: ~$2.2B (Est. $2.19B)
🔹 Free Cash Flow: ~$9.5B (excl. fairlife payment)
🔹 Expects tariff impacts to be "manageable".
Q1 Segment Performance (Organic Revenue YoY):
🔹 Europe, Middle East & Africa: +7% (Est. +5.7%) 🟢
🔹 Latin America: +13% (Est. +11.3%) 🟢
🔹 North America: +3% (Est. +4.4%) 🔴
🔹 Asia Pacific: +7% (Est. +2.4%) 🟢
🔹 Bottling Investments: +2% (Est. +2.0%) 🟢
Volume Trends:
🔹 Sparkling Soft Drinks: +2%
🔹 Coca-Cola Zero Sugar: +14%
🔹 Juice/Dairy/Plant-Based Beverages: +1%
🔹 Water, Sports, Coffee, and Tea: +2%
🔹 Water: +3%, Sports: -1%, Coffee: -2%, Tea: Flat
Additional Key Q1 Metrics:
🔹 Adj. Oper Margin: 33.8% (Est. 32.8%) 🟢; +140bps YoY
🔹 Oper Income: $3.65B (Est. not provided); +71% YoY
🔹 Global Unit Case Volume: +2% YoY
🔹 Price/Mix: +5% YoY
🔹 Adj. Gross Margin (Non-GAAP): Not disclosed directly; GAAP margin up on YoY basis
🔹 Free Cash Flow (ex-fairlife payment): $558M
Q2 2025 Considerations:
🔹 Revenue FX Headwind: ~3%
🔹 EPS FX Headwind: ~5% to 6%
Strategic & Macroeconomic Commentary:
🔸 CEO James Quincey: “Despite pressure in key developed markets, our global footprint allowed us to navigate a complex environment. Our all-weather strategy continues to drive enduring value.”
🔸 Company reaffirmed full-year guidance despite geopolitical tensions; expects tariff impacts to be "manageable".
🔸 Marketing activations in India (Kumbh Mela), China (Lunar New Year), and Türkiye emphasized Coca-Cola's localized execution strategy.
🔸 Innovation pipeline expanded:
- fairlife (dairy) saw strong growth
- Simply Pop prebiotic soda launched in U.S.
- Ready-to-drink tea brands (Fuze, Gold Peak, Ayataka) drove share gains