Q1 2025 Coca-Cola Co Earnings Call Transcript
Key Points
- Coca-Cola Co (KO) achieved 2% volume growth and organic revenue growth at the high end of its long-term growth algorithm.
- The company expanded comparable gross and operating margins, demonstrating strong financial performance.
- Coca-Cola Co (KO) won value share across all global beverage categories, including at home and away from home.
- The company saw continued volume growth for Coca-Cola Zero Sugar and strong performance from brands like fairlife and Topo Chico Sabores.
- In Asia-Pacific, Coca-Cola Co (KO) delivered volume, organic revenue, and comparable currency neutral operating income growth, with strong performance in India and China.
- Volume performance in North America was impacted by weakening consumer sentiment, particularly among Hispanic consumers.
- In Mexico, Coca-Cola Co (KO) faced weaker momentum due to geopolitical tensions and diminished consumer sentiment.
- The company experienced mixed performance in Europe, with volume declines in both Western and Eastern markets.
- Coca-Cola Co (KO) faced challenges in ASEAN, with weaker performance in Thailand and Indonesia offsetting strong performance in the Philippines.
- Currency headwinds posed a challenge, with an approximate 5% impact on comparable earnings per share for the full year 2025.
At this time, I'd like to welcome everyone to the Coca-Cola Company's first-quarter 2025 earnings results conference call. Today's call is being recorded. (Operator Instructions)
I would like to remind everyone that the purpose of this conference is to talk with investors, and therefore, questions from the media will not be addressed. Media participants should contact Coca-Cola's Media Relations department if they have any questions.
I would now like to introduce Ms. Robin Halpern, Vice President and Head of Investor Relations. Ms. Halpern, you may now begin.
Good morning and thank you for joining us. I'm here with James Quincey, our Chairman and Chief Executive Officer; and John Murphy, our President and Chief Financial Officer. We've posted schedules under financial information in the Investors section of our company website. These reconcile certain non-GAAP financial measures that may be referred to this morning to results as reported under Generally Accepted Accounting Principles.
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