Core Insights - The Coca-Cola Company reported a 5% organic revenue growth and a 4% year-over-year increase in comparable earnings per share for Q2 2025, despite a 1% decline in volume due to currency headwinds [1][9] Financial Performance - Comparable operating margin expanded by 190 basis points year-over-year, supported by productivity initiatives and favorable investment timing, despite a negative volume growth [3][4] - Comparable gross margin increased by approximately 80 basis points, with one-third of the underlying expansion attributed to faster realization of productivity initiatives [4] Strategic Execution - The company achieved seventeen consecutive quarters of global value share gains, with management emphasizing the importance of rapid, data-driven adjustments in response to market conditions [5][6] - Operational agility was highlighted as a key factor in defending the growth algorithm, allowing the company to mitigate external volatility [6] Portfolio Innovation - The Fairlife brand experienced double-digit volume growth, with capacity constraints expected to be alleviated by the expansion of the New York facility in early 2026 [7][8] - The company’s $30 billion-brand portfolio and disciplined innovation pipeline are designed to meet evolving consumer preferences and capture share in high-growth premium categories [7][8] Future Outlook - Management reaffirmed full-year 2025 organic revenue growth guidance of 5%-6% and raised comparable currency-neutral earnings per share growth guidance to about 8% [9] - Positive volume growth is anticipated in the second half of 2025 as transitory impacts from Q2 fade, with robust free cash flow generation of $3.9 billion in Q2, up $600 million year-over-year [10]