logo
Coca-Cola Q2 results: Net income jumps 58% to $3.8 billion; higher prices offset weaker global volumes

Coca-Cola Q2 results: Net income jumps 58% to $3.8 billion; higher prices offset weaker global volumes

Time of India4 days ago
Coca-Cola reported a 58% rise in net income to $3.8 billion for the April-June quarter, even as global case volumes fell by 1%, with higher prices helping the beverage giant offset sluggish sales, particularly in Latin America.
Revenue for the quarter rose 1% to $12.5 billion, while adjusted revenue stood at $12.6 billion—in line with Wall Street estimates, according to FactSet. Adjusted earnings per share came in at 87 cents, topping analysts' forecast of 83 cents.
The company said global pricing increased by 6% during the second quarter, helping counter declines in overall volumes. In North America, volumes fell 1%, mirroring the global trend.
Among product segments, Coca-Cola Zero Sugar emerged as a bright spot, with volumes rising 14%, even as total Coca-Cola volumes declined. The flagship brand still far outsells its zero-sugar variant, but demand for sugar-free options is rising rapidly.
The company, however, did not confirm a claim made by President Donald Trump last week on social media that Coca-Cola would switch to real cane sugar in its US drinks instead of high-fructose corn syrup.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This Could Be the Best Time to Trade Gold in 5 Years
IC Markets
Learn More
Undo
Coke only said that new offerings were in the pipeline.
In other categories, juice, dairy and plant-based beverages saw volumes drop 4%, while sports drink volumes declined 3%, with gains in North America offset by losses in Latin America.
Coca-Cola said it now expects full-year adjusted earnings growth of 8%. Earlier this year, the company had projected 8–10% growth, but lowered that to 7–9% in April. In 2024, Coca-Cola earned $2.88 per share.
Coca-Cola shares edged slightly lower in early Tuesday trading, along with broader declines across US markets.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Air India crash: Airline disburses Rs 25 lakh interim compensation to families of victims; Tata Group sets up welfare trust
Air India crash: Airline disburses Rs 25 lakh interim compensation to families of victims; Tata Group sets up welfare trust

Time of India

time21 minutes ago

  • Time of India

Air India crash: Airline disburses Rs 25 lakh interim compensation to families of victims; Tata Group sets up welfare trust

Air India disburses Rs 25 lakh interim compensation to families of crash victims NEW DELHI: Following the tragic crash of Air India Flight 171 on June 12, the airline announced that it has disbursed Rs 25 lakh in interim compensation to the families of 147 of the 229 passengers who died, as well as to the families of 19 others who lost their lives at the crash site. The interim payment is intended to meet the immediate financial needs of the affected families and will be adjusted against the final compensation amount to be determined later. In a statement issued on Saturday, the airline reiterated its support for the victims and their families. 'Air India stands in solidarity with the families and those affected by the AI171 accident. We continue to mourn their loss and remain fully committed to providing support during this difficult time,' the airline said. 'Over a month ago, Air India started releasing interim payment of Rs 25 lakh to the affected families, to help them meet their immediate financial needs. The interim payment will be adjusted against any final compensation,' added the statement. The airline also confirmed that documentation for an additional 52 families has been verified and interim compensation will be disbursed to them progressively. 'Air India has, so far, released the interim compensation to the families of 147 of the 229 deceased passengers and also the 19 who lost their lives at the accident site. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo In addition, the requisite documents of 52 others have been verified, to whose families the interim compensation will be released progressively,' said the statement. Alongside this financial aid, The Tata Group has set up the 'AI-171 Memorial and Welfare Trust' in honour of the victims of the Air India Flight 171 tragedy. The Trust has pledged an ex-gratia payment of Rs 1 crore for each deceased individual. In addition, it will contribute to rebuilding the BJ Medical College Hostel, which was damaged in the crash. According to the statement, the Trust will extend support to first responders, healthcare workers, disaster relief teams, social workers, and government personnel who played a critical role in the aftermath of the accident, helping address any trauma or distress they may have experienced.

Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?
Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?

Time of India

time22 minutes ago

  • Time of India

Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?

Sundar Pichai, the CEO of Alphabet Inc., which owns Google, has officially become a billionaire. As of now, Pichai's net worth is estimated at $1.1 billion, according to the Bloomberg Billionaires Index. This billionaire status comes mainly from: Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Degree Management Others Digital Marketing Public Policy Artificial Intelligence Leadership Product Management others Cybersecurity PGDM MBA Data Science Healthcare Design Thinking Technology Data Science Finance CXO Operations Management Project Management healthcare MCA Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details His 0.02% ownership stake in Alphabet. Large cash reserves he's built up. Alphabet, the parent company of Google, has a market value of over $2.3 trillion, which helped boost the value of Pichai's shares. In the past month alone, Alphabet's Class A stock jumped by 13%, which gave a fresh boost to Pichai's personal fortune, as per the report by Bloomberg. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo Pichai didn't found google — but still became a billionaire Unlike other tech billionaires like, Mark Zuckerberg, Elon Musk and Jensen Huang. Pichai did not start Google himself. Because of that, Pichai never had a massive stockholding from the early days of the company — which is why his net worth is much lower than those founders. His billionaire status came only after years of compensation packages and steady stock gains at Alphabet, as per the report by Fortune. ALSO READ: SpaceX launches 28 Starlink satellites after rare network outage — Here what you need to know Live Events Pichai has sold a lot of stock over the years Over the last 10 years as CEO, Pichai has sold about $650 million worth of Alphabet shares. If he had kept those shares, they could be worth more than $1 billion today, and his total net worth would be around $2.5 billion instead of $1.1 billion. For example, in June 2025, Pichai sold about 33,000 Class C Alphabet shares at $169 each, earning about $5.5 million. But now those same shares are worth around $193 each, meaning they'd be worth over $6.4 million. Despite these sales, Pichai has stayed disciplined and transparent — and follows a legal rule called Rule 10b5-1, as stated by Fortune report. Why Pichai's share sales are legal and planned in advance Pichai's stock sales are made under Rule 10b5-1, a SEC-approved rule that lets executives plan their stock sales in advance. This rule: Prevents insider trading. Uses a pre-set formula to decide how many shares to sell, at what price, and on what date. Requires an independent third party to handle the sales. His recent sales on June 4 and July 16, 2025, were both made under this rule. Other top CEOs like Jensen Huang of Nvidia also use this same method. Fortune reported last summer that Huang was selling around $14 million in stock almost daily using Rule 10b5-1. James Reda, a compensation expert from Gallagher's HR consulting firm, explained this approach makes sense. He said, 'If you don't sell stock, you may end up like Elon Musk—borrowing big loans using stock as collateral.' Selling some shares regularly is a safer way to manage wealth, according to Reda. AI Boom Helps Push Pichai Into the Billionaire Club A big reason for Alphabet's recent stock growth is the AI boom. On Alphabet's Q2 earnings call, the word 'AI' was used around 90 times, showing how important it is to the company's strategy. The company reported 14% revenue growth year-over-year, reaching $96.4 billion in Q2, according to the report by Fortune. Google Search, YouTube ads, Google Cloud, and subscriptions all saw double-digit growth in the quarter. The stock rally—and Pichai's wealth jump—are part of a larger trend. In 2023, tech billionaires like Musk, Zuckerberg, and Larry Ellison added $585 billion combined to their fortunes, mostly thanks to AI. What Pichai said about keeping AI talent at Google Investors are concerned about whether big AI companies can hold on to their best people, especially after some staff left OpenAI to join Meta's AI team. But Pichai seemed confident on the earnings call. He said, 'We've always invested deeply in talent, including AI, for over a decade now.' ALSO READ: JD Vance torches Microsoft for axing US jobs while doubling down on H-1B visas He explained that top AI researchers care about: Working on cutting-edge technology Having access to top computing power Collaborating with the best people in the industry Pichai added that Google is competitive in all these areas and expects to keep attracting and retaining top AI talent. Sundar Pichai is now officially a billionaire. His wealth mostly comes from a small stake in Alphabet and steady compensation. He has sold a large number of shares over time—but in a legal, well-planned way. The AI boom has boosted Alphabet's value and helped grow his fortune. Pichai's path to billionaire status is different from that of the founders, but still impressive, according to the report by Fortune. FAQs Q1. Is Sundar Pichai a billionaire now? Yes, Sundar Pichai is officially a billionaire with a net worth of $1.1 billion, thanks to his Alphabet shares and long-term compensation. Q2. .How did Sundar Pichai become so rich if he didn't start Google? He became wealthy through years of stock awards, a 0.02% stake in Alphabet, and the company's AI-driven growth, despite regularly selling shares.

Taurus Daily Horoscope Today – 27th July 2025: Home feels heavy today, keep things light, stay grounded, and don't rush big decisions.
Taurus Daily Horoscope Today – 27th July 2025: Home feels heavy today, keep things light, stay grounded, and don't rush big decisions.

Time of India

time30 minutes ago

  • Time of India

Taurus Daily Horoscope Today – 27th July 2025: Home feels heavy today, keep things light, stay grounded, and don't rush big decisions.

Taurus Daily Horoscope: Career 27th July 2025: You may feel slightly distracted at work due to personal matters. You need to stay focused on practical tasks. You should avoid taking on more than what you can handle. Taurus Daily Horoscope: Finance 27th July 2025: Venus and Jupiter are both transiting from the Gemini sign. This could bring small but pleasant gains. Caution is required in online transactions. Avoid investments in risky ventures. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Degree Data Analytics Cybersecurity Technology Public Policy Others others Product Management MBA Design Thinking Operations Management Project Management CXO healthcare Leadership MCA Healthcare Finance Management Data Science Digital Marketing Data Science PGDM Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Taurus Daily Horoscope: Love and Relationship 27th July 2025: A heartfelt conversation may bring emotional clarity. However, you should wait if things feel tense. Your past issues can briefly resurface. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo Taurus Daily Horoscope: Health 27th July 2025: Your emotional weight can manifest physically. You can have issues in the neck or throat area. Gentle stretching and relaxation techniques can help restore balance. Live Events Written by: Anand Sagar Pathak of . For feedback, write to hello@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store