The Coca-Cola Company (NYSE: KO) stock is down around 0.65% after the company’s mixed second-quarter earnings. The company reported $12.5 billion in revenue, which just missed expectations for $12.55 billion. The results were better in terms of earnings per share (EPS). The company delivered 87 cents per share, 4 cents better than the 83 cents expected.
The report could be considered better-than-feared for a company managing a core consumer who’s feeling pressure from inflation and a core product under pressure from U.S. regulators and the GLP-1 trend. Nevertheless, the company’s earnings came in ahead of estimates despite reporting a decline in unit case volume in most regions during the quarter.
