Newsletter
Earnings season brought good news for Coca-Cola, as the company beat expectations for its Q1 results with strong demand from India, US, and China.
Key numbers at a glance 🥤
- Earnings per share: 86¢ (vs 81¢ expected)
- Revenue: $12.47B (vs $12.24B expected)
- Net income: $3.92B (up from $3.33B YoY)
Backdrop: Coca-Cola’s weak spot this quarter was its juice, dairy, and plant-based segment, with volumes down 1%, mainly due to the sale of its Nigeria operations, something growth in brands like Fairlife couldn’t offset.
Looking ahead, geopolitical tensions (like the US-Iran conflict) have hit Middle East sales, and tea and coffee costs remain volatile. Still, the company says the overall impact is manageable, helped by lower exposure to packaging cost spikes.
In India, the company is leaning on affordability and local relevance, tying Thums Up to the T20 World Cup and expanding Sprite in rural markets with regional content. It’s also using lighter bottles in India and South Africa to support volume growth.
