Coca-Cola (KO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Coca-Cola reported revenue of $12.54 billion for the quarter ended June 2025, a year-over-year increase of 1.4% and an EPS of $0.87, up from $0.84 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $12.59 billion by -0.44%, while the EPS exceeded the consensus estimate of $0.83 by +4.82% [1] Revenue Performance by Region - North America: Net Operating Revenue of $5.03 billion, slightly below the estimate of $5.06 billion, with a year-over-year increase of +4.5% [4] - Latin America: Net Operating Revenue of $1.59 billion, exceeding the estimate of $1.56 billion, but a year-over-year decrease of -3.8% [4] - Asia Pacific: Net Operating Revenue of $1.57 billion, above the estimate of $1.54 billion, with a year-over-year increase of +4% [4] - Bottling Investments: Net Operating Revenue of $1.41 billion, below the estimate of $1.58 billion, with a year-over-year decrease of -8.3% [4] - Europe, Middle East & Africa: Net Operating Revenue of $3.18 billion, significantly above the estimate of $2.96 billion, with a year-over-year increase of +35.8% [4] - Eliminations: Net Operating Revenues of -$279 million, worse than the estimate of -$80.14 million, with a year-over-year change of -2.8% [4] - Corporate: Net Operating Revenue of $39 million, exceeding the estimate of $32.23 million, with a year-over-year increase of +30% [4] Operating Income Analysis - Europe, Middle East & Africa (Non-GAAP): Operating Income of $1.36 billion, slightly above the estimate of $1.34 billion [4] - Bottling Investments (Non-GAAP): Operating Income of $60 million, below the estimate of $111.66 million [4] - Corporate (Non-GAAP): Operating Income of -$289 million, worse than the estimate of -$244.64 million [4] - North America (Non-GAAP): Operating Income of $1.58 billion, above the estimate of $1.47 billion [4] - Asia Pacific (Non-GAAP): Operating Income of $664 million, slightly below the estimate of $667.44 million [4] Stock Performance - Coca-Cola shares have returned +0.5% over the past month, compared to the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]