Core Viewpoint - Coca-Cola's stock is poised for potential new highs in 2025 due to its effective local business strategy and international growth agenda, despite facing macroeconomic headwinds [1][2]. Financial Performance - Coca-Cola's Q1 results showed a 2% contraction in reported revenue, slightly below consensus, but organic revenue grew by 6%, driven by a 5% increase in price and mix, and a 1% increase in concentrate sales [4]. - The company's global unit case volume grew by 2%, indicating strong demand and market share growth expected to continue [4]. - FX-neutral operating income increased by 10%, and the comparable operating margin improved by 140 basis points, with adjusted EPS of $0.73, up 1% year-over-year [5]. Growth Outlook - The company expects organic growth of 5% to 6% for the year, with a slightly faster growth rate on the bottom line [3]. - Coca-Cola updated its 2025 outlook to account for FX headwinds and macroeconomic factors but reaffirmed its growth and earnings targets, stating the impacts are manageable [2]. Dividend and Shareholder Returns - Coca-Cola maintains a reliable dividend growth track record, with a dividend yield of 2.82% and an annual dividend of $2.04, supported by a 64-year history of dividend increases [6][7]. - The company has a manageable debt level at 1.55x equity, with equity increasing by 5% [8]. Analyst Sentiment - Analysts maintain a strong bullish outlook on Coca-Cola, with a consensus rating of Buy and an increasing number of Strong Buy ratings, reflecting positive sentiment and upward price target revisions [9][10]. - The consensus price target has increased by 10% over the past 12 months, indicating potential for significant price appreciation [10]. Market Position - Coca-Cola's localized approach to bottling and delivery, along with operational quality improvements, has helped mitigate headwinds, positioning the company for leveraged top-line growth when macroeconomic conditions improve [5]. - The stock showed initial weakness post-results but quickly regained support, indicating potential for a sustained rally and movement towards new highs [11][12].

可口可乐（KO）于北京时间2025年4月29日晚间美股盘前发布了2025年第一季度财报（截止2025年3月），在川普的关税大棒下，宏观的高度不确定性使得可口可 乐再次成为了资金理想的避风港，从业绩上看，由于饮料行业一季度往往是全年的消费淡季，因此增速有所下降也在预期之内，具体来看核心信息： 1、内 生增长有所降速： 1Q25可口可乐实现表观营收111.3亿美元，同比下降2%，和市场预期基本一致，其中内生营收（Organic revenue）同比增长6%，量价拆分 看， 浓缩液销量增速和价格增速分别同比增加1%和5%。 由于发达国家健康意识不断提升加上去年可口可乐在全球范围内大面积涨价，市场对可口可乐销量端的 预期本就不高，因此这次销量端反而超出了市场一致预期。此外，受到关税大棒影响，美元指数在Q1走弱，公司外汇 逆风的影响从-6%收窄至-3%。 2、亚太地区韧性更强。 分地区看，除了亚太地区外其他地区增速均有所回落， 亚太地区表现强劲一方面由于印度、菲律宾等发展中国家线下网点的加速铺货提 升了产品的市场覆盖率，另一方面，伴随更多低糖、低热量健康饮品在日本的推出，日本市场表现也有所回暖。 3、健康&营养品类表现 ...

Core Insights - Coca-Cola reported revenue of $11.13 billion for Q1 2025, a year-over-year decline of 1.5%, with an EPS of $0.73 compared to $0.72 a year ago, exceeding the Zacks Consensus Estimate of $11.12 billion by 0.10% and delivering an EPS surprise of 2.82% [1] Revenue Performance by Region - North America: Net Operating Revenue of $4.36 billion, exceeding the estimate of $4.34 billion, representing a year-over-year increase of 4.5% [4] - Latin America: Net Operating Revenue of $1.48 billion, slightly above the estimate of $1.47 billion, but a year-over-year decline of 3.3% [4] - Asia Pacific: Net Operating Revenue of $1.42 billion, below the estimate of $1.43 billion, reflecting a year-over-year decline of 3.3% [4] - Bottling Investments: Net Operating Revenue of $1.46 billion, below the estimate of $1.60 billion, showing a significant year-over-year decline of 19.5% [4] - Europe, Middle East & Africa: Net Operating Revenue of $2.66 billion, exceeding the estimate of $2.27 billion, with a substantial year-over-year increase of 34.7% [4] - Eliminations: Reported at -$276 million, better than the estimate of -$325.86 million, representing a year-over-year improvement of 33.8% [4] - Corporate: Net Operating Revenue of $26 million, slightly below the estimate of $26.85 million, indicating a year-over-year decline of 3.7% [4] Operating Income Performance - Europe, Middle East & Africa (Non-GAAP): Operating Income of $1.08 billion, exceeding the estimate of $1.04 billion [4] - Latin America (Non-GAAP): Operating Income of $952 million, above the estimate of $881.48 million [4] - Asia Pacific (Non-GAAP): Operating Income of $644 million, slightly above the estimate of $632.58 million [4] - North America (Non-GAAP): Operating Income of $1.31 billion, exceeding the estimate of $1.23 billion [4] - Corporate (Non-GAAP): Operating Income reported at -$321 million, close to the estimate of -$320.96 million [4] Stock Performance - Coca-Cola shares returned +0.2% over the past month, while the Zacks S&P 500 composite declined by -0.8%, indicating relative stability in the stock's performance [3]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Group 1: Market Overview - On April 29, US stock market opened with Dow Jones up 0.09%, Nasdaq down 0.54%, and S&P 500 down 0.4% [1] - Honeywell's stock rose over 3% due to better-than-expected Q1 performance [1] - General Motors' stock fell over 2% due to suspension of stock buyback guidance related to Trump tariffs [1] Group 2: Company Performance - Coca-Cola reported a 2% decline in net revenue to $11.1 billion, but comparable EPS exceeded expectations at $0.73 [2] - General Motors' Q1 net sales and revenue reached $44.02 billion, a 2.3% year-over-year increase, with adjusted EPS of $2.78, above market expectations [3] - Honeywell's Q1 sales grew 8% year-over-year, with adjusted EPS of $2.51, a 7% increase compared to the previous year [4]

Group 1: Earnings Performance - Coca-Cola reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.71 per share, and showing a slight increase from $0.72 per share a year ago, representing an earnings surprise of 2.82% [1] - The company posted revenues of $11.13 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.10%, although this is a decrease from year-ago revenues of $11.3 billion [2] - Over the last four quarters, Coca-Cola has consistently surpassed consensus EPS estimates and revenue estimates [2] Group 2: Stock Performance and Outlook - Coca-Cola shares have increased approximately 15.3% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $12.66 billion, and for the current fiscal year, it is $2.96 on revenues of $48.01 billion [7] Group 3: Industry Context - The Beverages - Soft drinks industry, to which Coca-Cola belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Coca-Cola's stock performance [5][6]

Core Viewpoint - Coca-Cola Company reported its Q1 2025 financial results, showing solid revenue and profit growth driven by key markets [1] Financial Performance - The company achieved a revenue of $11.129 billion in Q1 2025, with an organic revenue growth of 6% [1] - Net profit for the quarter was $3.335 billion, reflecting a 5% increase [1] - Earnings per share (non-GAAP) were reported at $0.73, marking a 1% growth [1] Sales Performance - Global unit case volume increased by 2%, primarily driven by markets in India, China, and Brazil [1] - In China, the first quarter saw a high single-digit growth in sales volume [1] - By category, global sales of sparkling beverages grew by 2%, while juice, dairy, and plant-based beverages saw a 1% increase; bottled water, sports drinks, coffee, and tea also experienced a 2% growth globally [1]

Summary: Though the legendary Oracle of Omaha has outperformed the broader market during the 2025 trade war, his success was in limiting losses rather than achieving gains. Specifically, Warren Buffett's dividend stock, Coca-Cola (NYSE: KO), was the only one among the six biggest Berkshire Hathaway (NYSE: BRK.A, BRK.B) holdings to trade higher amid the tariff escalation. Examining expert attitudes toward KO stock, it is clear that the consensus is that strong performance will persist. KO stock YTD price cha ...

可口可乐2025年Q1总收入微降2%，核心在于货币汇率等外部因素和区域结构调整，但有机（非GAAP）营收逆势增长6%，营业利润增长达71%。可口 可乐零糖产品表现突出，销量同比增长14%。 公司预计，2025全年有机营收将增长5%-6%，可比每股收益增长2%-3%。 29日，可口可乐公布2025第一季度财报： 营收微降2%，但利润率大幅改善 可口可乐本季度净收入为111亿美元，较去年同期下降2%，这一降幅主要受到货币波动的负面影响(5%)以及装瓶业务重组调整的影响(3%)。若剔除这些 因素，公司有机收入实际增长了6%，其中价格/组合贡献了5%的增长，浓缩液销售增长1%。 与此同时，公司利润率大幅改善，营业利润同比增长了71%，营业利润率从去年同期的18.9%显著提升至32.9%。可比营业利润率为33.8%，比去年同期 的32.4%提高了134个基点。这一增长主要得益于有机收入的增长、有效的成本管理以及营销投资的时机选择。 零糖产品表现突出，亚太地区销售亮眼 业务变化方面，销售单位（Unit Case）同比增长2%，集中在印度、中国和巴西地区，反映对新兴市场的持续开拓。分区域看： 碳酸饮料中的"可口可乐Zero ...

Core Insights - Coca-Cola reported a comparable earnings per share of $0.73 for the first quarter, exceeding the forecast of $0.72 [1] - The company experienced a 2% increase in unit case volume, significantly higher than the expected growth of 0.08% [1] - Coca-Cola maintains its forecast for a 2% to 3% growth in comparable earnings per share for the full year [1] - Following the earnings report, Coca-Cola's stock saw a slight pre-market increase [1]