Coca-Cola’s stock saw a notable increase on Monday, April 28, 2025, following the release of its first-quarter earnings report, which exceeded analysts’ expectations. The company reported adjusted earnings per share of $0.73, just above the expected $0.72, marking at least the 22nd consecutive quarter it has surpassed earnings forecasts. Despite a 3% drop in North American volumes, Coca-Cola experienced a 2% rise in global unit case volumes, driven by strong demand in key international markets such as India, China, and Brazil. Coca-Cola Zero Sugar was a standout performer, with a 14% increase in volume, and the company also achieved a 5% increase in average selling prices.

The stock also benefited from the company’s reassurance that the impact of a 25% tariff on aluminum is “manageable,” thanks to Coca-Cola’s localized production and exploration of alternative packaging materials like plastic and glass. Importantly, the company reaffirmed its full-year earnings growth forecast of 2% to 3%, signaling confidence in its ability to navigate current economic conditions. This optimistic outlook was further supported by a broader market rally, with the Dow Jones Industrial Average rising 300 points (0.7%) on Tuesday, April 29, as strong corporate earnings and positive sentiment around potential trade deals lifted investor confidence. All of these factors combined to drive Coca-Cola’s stock higher.