
New Coke made with cane sugar is coming after Trump post
The announcement came less than a week after President Donald Trump said in a Truth Social post that the company agreed to use cane sugar in Coke beverages sold in the US.
Coca-Cola also posted on Tuesday second-quarter sales growth and profit that beat Wall Street expectations as consumers continue to pay higher prices for the company's soft drinks.
The shares were little changed in early New York trading. The stock has advanced 13% so far this year, outpacing the S&P 500 Index.
For decades, Coca-Cola has used high fructose corn syrup, which is cheaper than cane sugar, to sweeten its signature product in the US. However, a pricier version of the soft drink that's sweetened with cane sugar and imported into the US from Mexico has gained a cult following.
Prior to the earnings release, CFRA analyst Arun Sundaram wrote that it's 'highly unlikely' that Coca-Cola would fully eliminate corn syrup from its lineup, adding that 'a more plausible outcome is the introduction of a new product line made with cane sugar, which would likely carry a higher cost and retail price.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
a minute ago
- Yahoo
Everest Group: Q2 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Group, Ltd. (EG) on Wednesday reported second-quarter net income of $680 million. The Hamilton, Bermuda-based company said it had net income of $16.10 per share. Earnings, adjusted for non-recurring costs, were $17.36 per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $15.14 per share. The reinsurance company posted revenue of $4.49 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $4.4 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on EG at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a minute ago
- Yahoo
Cognizant sees quarterly revenue above estimates on strong enterprise demand
(Reuters) -IT consulting company Cognizant Technology forecast third-quarter revenue above Wall Street expectations on Wednesday, owing to strong spending from customers looking to integrate artificial intelligence into their platforms. Cognizant's services have seen strong uptake from enterprises looking to automate processes and shift workloads to the cloud as they adopt AI in the hopes of boosting productivity and optimizing costs. "Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth," said Cognizant CEO Ravi Kumar S. The company forecast third-quarter revenue between $5.27 billion and $5.35 billion, compared with analysts' expectations of $5.27 billion, according to data compiled by LSEG. It reported revenue of $5.25 billion in the second quarter, beating estimates of $5.19 billion. Cognizant reported earnings per share of $1.31 in the quarter ended June 30, compared with a profit of $1.14 per share a year ago.
Yahoo
a minute ago
- Yahoo
FormFactor (NASDAQ:FORM) Surprises With Q2 Sales But Stock Drops 16%
Semiconductor testing company FormFactor (NASDAQ:FORM) reported revenue ahead of Wall Street's expectations in Q2 CY2025, but sales were flat year on year at $195.8 million. The company expects next quarter's revenue to be around $200 million, close to analysts' estimates. Its non-GAAP profit of $0.27 per share was 10% below analysts' consensus estimates. Is now the time to buy FormFactor? Find out in our full research report. FormFactor (FORM) Q2 CY2025 Highlights: Revenue: $195.8 million vs analyst estimates of $189.4 million (flat year on year, 3.4% beat) Adjusted EPS: $0.27 vs analyst expectations of $0.30 (10% miss) Adjusted Operating Income: $22.85 million vs analyst estimates of $23.94 million (11.7% margin, 4.6% miss) Revenue Guidance for Q3 CY2025 is $200 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q3 CY2025 is $0.25 at the midpoint, below analyst estimates of $0.33 Operating Margin: 6.3%, down from 9% in the same quarter last year Free Cash Flow was -$47.1 million, down from $13.48 million in the same quarter last year Inventory Days Outstanding: 82, down from 94 in the previous quarter Market Capitalization: $2.67 billion 'FormFactor reported sequentially stronger second-quarter revenue that exceeded the high end of our outlook range, due to higher-than-anticipated growth in our probe-card business,' said Mike Slessor, CEO of FormFactor, Company Overview With customers across the foundry and fabless markets, FormFactor (NASDAQ:FORM) is a US-based provider of test and measurement technologies for semiconductors. Revenue Growth A company's long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Regrettably, FormFactor's sales grew at a sluggish 3.7% compounded annual growth rate over the last five years. This was below our standard for the semiconductor sector and is a rough starting point for our analysis. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions. We at StockStory place the most emphasis on long-term growth, but within semiconductors, a half-decade historical view may miss new demand cycles or industry trends like AI. FormFactor's annualized revenue growth of 6.8% over the last two years is above its five-year trend, suggesting its demand recently accelerated. This quarter, FormFactor's $195.8 million of revenue was flat year on year but beat Wall Street's estimates by 3.4%. Despite the beat, this was its third consecutive quarter of decelerating growth, indicating a potential cyclical downturn. Company management is currently guiding for a 3.8% year-on-year decline in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 4.6% over the next 12 months, a slight deceleration versus the last two years. This projection doesn't excite us and implies its products and services will see some demand headwinds. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Product Demand & Outstanding Inventory Days Inventory Outstanding (DIO) is an important metric for chipmakers, as it reflects a business' capital intensity and the cyclical nature of semiconductor supply and demand. In a tight supply environment, inventories tend to be stable, allowing chipmakers to exert pricing power. Steadily increasing DIO can be a warning sign that demand is weak, and if inventories continue to rise, the company may have to downsize production. This quarter, FormFactor's DIO came in at 82, which is 13 days below its five-year average. At the moment, these numbers show no indication of an excessive inventory buildup. Key Takeaways from FormFactor's Q2 Results We were impressed by FormFactor's strong improvement in inventory levels. We were also happy its revenue outperformed Wall Street's estimates. On the other hand, its EPS missed and its adjusted operating income fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock traded down 16% to $28.91 immediately following the results. FormFactor didn't show it's best hand this quarter, but does that create an opportunity to buy the stock right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data