Coca-Cola cuts revenue outlook as Coke Zero volumes surge 13%
Shares of Coca-Cola slid 3.5% after management cut its full-year organic revenue growth forecast to 5.5% from 6.5%. Coke Zero unit sales jumped 13% while water and Power brands volumes climbed 11% year-over-year.
1. Outlook Revision
Coca-Cola trimmed its full-year organic revenue growth forecast by 100 basis points to 5.5%, down from the prior 6.5% target, citing softer pricing and foreign-exchange headwinds in key markets.
2. Segment Volume Performance
In the quarter, Coke Zero volumes surged 13% year-over-year and the water and Power brands segment delivered an 11% volume increase, partially offsetting a modest decline in core sparkling beverage sales.
3. Market Reaction
Shares fell 3.5% in after-hours trading following the outlook cut, reversing earlier modest gains and signaling investor concern over the slower growth trajectory.