Coca-Cola (KO) Q2 2025 earnings

Coca-Cola is expected to report its second-quarter earnings before the bell on Tuesday.

Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:

• Earnings per share: 83 cents expected
• Revenue: $12.54 billion expected

Last quarter, Coke executives warned that the company would face tough comparisons in the second quarter to last year’s results, given the year-ago period was the company’s strongest in 2024. However, analysts are optimistic about the company — and its stock — because of its pricing power and global reach.

Coke also projected some short-term “choppiness” tied to tariffs, particularly in the U.S., even if trade conflicts don’t touch Coke’s business directly. For the full year, Coke is anticipating its organic revenue will grow 5% to 6%, and comparable earnings per share will increase 2% to 3%.

For its part, rival PepsiCo on Thursday reported that volume of its North American beverage business fell 2% in the second quarter. U.S. grocery shoppers have been buying less of its snacks and drinks after years of price hikes. Pepsi has succeeded in luring away some of Coke’s away-from-home customers, such as Subway.

Shares of Coke have risen 13% this year, bringing its market value above $300 billion.