Coca-Cola Reports Weakening Global Sales Volumes In Q2

Coca-Cola beat earnings expectations in the second quarter of 2025 as higher prices helped offset weaker global sales, Associated Press (AP) reporter Dee-Ann Durbin wrote.

Coca-Cola's quarterly revenue is still in line with Wall Street expectations. I Photo: The Coca-Cola Company Facebook

Global case volumes fell 1%, including a 1% drop in North America, but average pricing rose 6% for the April–June period. The company pointed to Latin America as the main source of volume weakness.

One bright spot was Coca-Cola Zero Sugar, which saw case volume grow 14%. While traditional Coca-Cola still far outsells the zero-sugar version, demand for the sugar-free option continues to rise rapidly.

Last week, President Donald Trump posted on social media that Coca-Cola had agreed to start using real cane sugar instead of high-fructose corn syrup in its flagship U.S. product.

Coca-Cola has not confirmed any such change but promised that new product offerings are on the way.

Meanwhile, global case volumes fell 4% for juice, dairy, and plant-based beverages. Sports drink volumes dropped 3%, with North American demand offset by declines in Latin America.

Revenue rose 1% to $12.5 billion, and after adjustments for one-time items, quarterly revenue totaled $12.6 billion, in line with Wall Street expectations, according to analysts polled by FactSet.