其中，无糖可口可乐二季度得益于所有地理运营板块的增长，实现了14%的增长。但可口可乐整体箱量 销售下降1%，其中含气软饮下降1%，果汁、增值乳制品及植物基饮料下降4%。饮用水、运动饮料、咖 啡及茶类产品持平。 其中，咖啡增长1%，主要得益于亚太地区的增长。茶类产品持平，欧洲、中东及非洲地区的增长主要 被北美的下降所抵消。 对于咖啡业务，詹鲲杰表示，乔雅咖啡是可口可乐的一次尝试，Costa是可口可乐在咖啡领域的第四次 尝试。咖啡在整个饮料行业中是一个规模大、分散且不断增长的品类。 得益于市场定价举措及有利的产品组合，可口可乐价格/产品组合增长6%。与去年相比，2025年第二季 度受高通胀影响的市场对其的推动作用有所减弱。 价格的提高，可口可乐营业利润增长63%，这得益于所有地理运营区域的有机收入（非公认会计原则） 增长、营销投入的时机以及有效的成本管理。 对于中国市场，可口可乐方面称，在中国市场凭借可口可乐品牌产品的强劲表现以及餐饮渠道的增长， 实现了销量提升。目前，可口可乐正着力制定更精细化的渠道策略和针对特定客户的执行方案，以此推 动更具针对性的促销活动，并加快冰柜投放进度。 7月22日，可口可乐公司发布的 ...

新京报讯（记者王子扬）7月23日，新京报记者了解到，全球饮料企业可口可乐公司发布的2025年第二 季度财报显示，公司二季度营收125.35亿美元，增长1%；有机营收增长5%；净利润为38.03亿美元，增 长58%。尽管可口可乐公司当季的全球单箱销量下降1%，但中亚、阿根廷和中国市场的增长被墨西 哥、印度和泰国市场的下降所抵消。 詹鲲杰表示："面对第二季度不断变化的外部环境，我们系统保持专注与灵活应变，确保了业务在上半 年稳步推进。我们将继续坚定执行战略重点，有信心实现更新的2025全年业绩指引及长期目标。" 编辑 唐峥 校对 陈荻雁 根据财报显示，可口可乐公司旗舰品牌"可口可乐"表现稳健，第二季度无糖可口可乐实现了14%的增 长。在中国市场，尽管消费者情绪偏谨慎，可口可乐公司仍实现了销量增长。这得益于可口可乐品牌产 品及餐饮渠道表现更强劲。可口可乐的系统正制定更精细的渠道与客户执行策略，推动更具针对性的促 销活动，并加速冰柜投放。今年5月，中粮可口可乐饮料（贵州）有限公司新建易拉罐生产线正式投 产，预计年产能将新增约五万吨。今年6月，海南太古可口可乐饮料生产基地项目落户海口国家高新 区，预计年内启动建设。 值 ...

Core Viewpoint - Sprite has quietly changed its formula by adding ingredients such as fructose syrup, sucralose, and aspartame, which has sparked discussions on social media about the taste difference compared to the past [2]. Group 1: Product Changes - Sprite's formula was modified in 2019, and the current ingredients are clearly labeled on the packaging [2]. - In 2023, Sprite launched a limited edition "Tribute to 1982 Lemon Flavor Soda" in the Chinese market, which features a different formula without fructose syrup and sweeteners, only containing water and granulated sugar [2]. Group 2: Company Performance - Coca-Cola's Q1 2025 financial report shows revenue of $11.129 billion, with an organic revenue growth of 6% [3]. - The net profit for the same period was $3.335 billion, reflecting a 5% increase, and the earnings per share (non-GAAP) was $0.73, up by 1% [3]. Group 3: Sales Growth - Global single-box sales increased by 2%, with the Chinese market experiencing high single-digit growth in Q1 [4]. - Carbonated beverage sales globally grew by 2%, driven by markets in Europe, the Middle East, Africa, and Asia-Pacific [4]. - Coca-Cola expects a comparable currency-neutral earnings per share growth of 7% to 9% for 2025, with an organic revenue growth forecast of 5% to 6% [4].

Core Insights - Coca-Cola reported Q1 2025 revenue of $11.129 billion, with an organic revenue growth of 6% [1] - The net profit for the quarter was $3.335 billion, reflecting a year-over-year increase of 5% [1] - Global unit case volume increased by 2% year-over-year, driven primarily by markets in India, China, and Brazil [1] - The Asia-Pacific market saw a notable unit case volume growth of 6% year-over-year [1] Revenue and Profitability - The company's flagship carbonated beverage, Coca-Cola, experienced a 1% increase in global sales, supported by growth in Europe, the Middle East, Africa, and the Asia-Pacific regions [1] - The no-sugar variant of Coca-Cola saw a significant increase in sales, growing by 14% year-over-year [1] - Other beverage categories, including flavored sodas, juice drinks, dairy, and plant-based beverages, also reported a 1% increase in global sales, primarily driven by the Asia-Pacific market [1] Strategic Outlook - Coca-Cola's CEO, James Quincey, emphasized the effectiveness of the company's "all-weather strategy," which has enabled it to navigate complex external environments despite pressures in key mature markets [1] - The company aims for a comparable currency-neutral earnings per share growth of 7% to 9% year-over-year for 2025, with an organic revenue growth target of 5% to 6% [1] - The expected earnings per share growth (non-GAAP) for 2025 is projected to be between 2% and 3% year-over-year [1] Market Focus - In a conference call, the CEO highlighted the growth in the Chinese market, attributing it to strategic initiatives taken last year, including a focus on core categories and brand upgrades [2] - The Coca-Cola China system has concentrated on enhancing execution capabilities, which has positively impacted sales growth [2]