Coca-Cola Q3 2025 Earnings Forecast
- Coca-Cola's unit case volume increased by 1%, a positive shift from the decline experienced in the previous quarter.
- Looking ahead to 2026, Coca-Cola projects a slight benefit to both revenue and earnings from currency exchange rates.
- Despite the overall volume increase, performance varied considerably by region.
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Coca-Cola Reports 1% Unit Case Volume Rise, Driven by Water, Sports Drinks, and Coffee
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Published October 21, 2023, 11:56 AM EDT
Key Financial Highlights
Coca-Cola’s unit case volume increased by 1%, a positive shift from the decline experienced in the previous quarter. This metric specifically excludes the effects of pricing adjustments and foreign currency fluctuations, providing a clearer picture of underlying consumer demand.The company is maintaining its full-year guidance, anticipating a 3% rise in comparable earnings per share and organic revenue growth of 5% to 6% (Reuters).
Looking ahead to 2026, Coca-Cola projects a slight benefit to both revenue and earnings from currency exchange rates. A detailed forecast for the upcoming year will be released during the fourth-quarter earnings report (Reuters).
Regional Performance: Flat Growth in Key Markets
Despite the overall volume increase, performance varied considerably by region. Both Latin America and North America, two crucial markets for coca-Cola, experienced flat volume growth during the quarter. this suggests regional economic factors are impacting sales.
Coca-Cola executives have acknowledged that lower-income consumers in the United States are reducing their purchases of the company’s products. In response, the company is actively developing and promoting more affordable options to maintain market share within this segment (CNBC).
Segment Performance: Water, Sports Drinks Lead growth
The strongest volume growth came from Coca-Cola’s water, sports, coffee, and tea segment. Bottled water and sports drinks each saw a 3% volume increase, while coffee and tea reported a 2% rise. This indicates a growing consumer preference for healthier beverage options.
In contrast, sparkling soft drinks volume remained flat, and the juice, value-added dairy, and plant-based beverage segment experienced a 3% volume decline. This suggests a potential shift in consumer preferences away from these categories.
| Beverage Segment | Volume Growth (%) |
|---|---|
| Water | 3% |
| Sports Drinks | 3% |
| Coffee & Tea | 2% |
| Sparkling Soft Drinks | 0% |
| Juice, Dairy & Plant-Based | -3% |