Coca-Cola beats quarterly revenue estimates on steady soda demand
Coca-Cola beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from resilient demand for its sodas.
The company's comparable revenue rose 2.5 per cent to US$12.62 billion, compared with analysts' expectations of a 1.86 per cent growth to $12.54 billion, according to data compiled by LSEG.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)
Hashtags

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


Globe and Mail
5 hours ago
- Globe and Mail
Taiwan Semiconductor Just Threw Cold Water on Tariff Concerns
Key Points Taiwan Semiconductor's products remain in high demand among end users. TSMC is building plants in the U.S. to avoid tariffs. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Tariff effects are still front and center in many investors' minds. As we approach Aug. 1, the date when many reciprocal tariffs take effect, the entire economic landscape could shift. Although deals are being announced, many questions remain regarding their impact. However, there is one company that stands out by saying it hasn't seen any effect: Taiwan Semiconductor (NYSE: TSM). Taiwan Semiconductor's CEO C.C. Wei stated on its Q2 conference call that they "have not seen any change in our customers' behavior so far" regarding tariffs. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » This is a significant development for TSMC, but does it suggest that the rest of the market is overreacting to tariffs? Semiconductors aren't subject to reciprocal tariffs There are a few key points to understand regarding tariffs and semiconductors. First, semiconductors are currently exempt from all reciprocal tariffs. Additionally, they're excluded from the base 10% blanket tariff. However, that could shift as the Aug. 1 reciprocal tariff date arrives. If those tariffs are implemented, other goods could be subject to higher tariff rates than semiconductors. This means investors need to be cautious about drawing conclusions about how tariffs are being applied to one industry versus another. Still, it shows that the end users of products with their chips in them aren't slowing down purchases. A second critical factor is Taiwan Semiconductor's unique position within the chip industry. There aren't many choices when it comes to chip foundries with high-end technology. Intel (NASDAQ: INTC) has failed to launch many of the cutting-edge chip nodes, and low chip yields have plagued Samsung. This leaves TSMC at the top of the high-end semiconductor fabrication pyramid, making it a critical partner for tech giants like Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL). As a result, these companies are somewhat compelled to deal with the tariffs rather than seeking an alternative. But this is only temporary. TSMC is working to avoid tariffs by accelerating the build-out of its U.S. chip production facilities in Arizona. This will allow U.S. clients to avoid any tariffs on foreign goods. While Taiwan Semiconductor may not be experiencing any effects from tariffs, investors need to be cautious about drawing conclusions from its experience to the broader market. It's in a unique position that essentially requires its clients to deal with any tariff levies that come up, but it's actively working on increasing U.S. chip production capabilities to sidestep any tariffs. With TSMC's strong position, the company also becomes an intriguing stock to consider, as few companies hold a more powerful position than TSMC. Taiwan Semiconductor looks like an excellent buy at these prices Taiwan Semiconductor's bull case is fairly straightforward: Its clients will use more chips and increasingly advanced chips over the next few years. This seems like a no-brainer investment thesis, and management's bold five-year growth projections back it up. Starting with 2025, management projects that AI-related revenue will grow at a 45% compound annual growth rate (CAGR) over the next five years, with total revenue increasing at nearly a 20% CAGR. That's easily market-beating growth, yet Taiwan Semiconductor's stock trades at nearly a market-average forward price-to-earnings (P/E) ratio. TSM PE Ratio (Forward) data by YCharts Taiwan Semiconductor's 24 times forward earnings is nearly identical to the S&P 500 's (SNPINDEX: ^GSPC) 23.8 times forward earnings. However, with market-beating growth expected, this makes the price well worth paying, and I think Taiwan Semiconductor's stock looks like a great buy right now due to its projected growth, reasonable price, and strong position in the chip fabrication industry. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. *Stock Advisor returns as of July 21, 2025


Globe and Mail
8 hours ago
- Globe and Mail
Better Beverage Stock: Coca-Cola vs. PepsiCo
Key Points Coca-Cola appears to have the edge when comparing recent stock performances. Investors should also take PepsiCo's valuation and dividend returns into account. 10 stocks we like better than PepsiCo › Although earnings season has barely started, both PepsiCo (NASDAQ: PEP) and its archrival, Coca-Cola (NYSE: KO), have already reported earnings for the second quarter of 2025. The waning popularity of soda beverages and, in PepsiCo's case, the falling demand for snack foods, have translated into anemic growth for both companies. One thing to remember about both stocks is that they have become popular among dividend investors, each maintaining a record of annual dividend hikes for more than half a century. Amid such conditions, one beverage stock may ultimately stand out as a more suitable choice for most investors. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Comparing the two businesses Although a flagship cola product defines each stock, both companies are diversified beverage holdings. Each controls numerous brands under their umbrellas, and their selections encompass juices, coffees, teas, and waters. Additionally, both companies are now in the alcohol business. Coca-Cola entered this arena by offering Topo Chico hard seltzers, and PepsiCo has partnered with other companies to sell branded beverages like Hard Mountain Dew and Lipton Hard Iced Tea. Additionally, as previously mentioned, PepsiCo is in the snack business, owning such packaged food brands as Frito-Lay and Quaker. Unfortunately for both companies, a nutrition-inspired pivot has impacted sales, and this is particularly true of PepsiCo, whose customers are increasingly seeking healthier snack options. To that end, both companies have agreed with the Trump administration to produce cane sugar versions of their flagship colas, as more consumers turn away from high-fructose corn syrup. How the numbers compare However, such initiatives have not yet translated into higher sales. Furthermore, healthier ingredients often cost more, which will inevitably lead to higher input costs. As a result, both companies reported Q2 revenue increases of 1%, with price increases offsetting a slight drop in sales. From there, the results diverge, at least initially. Coca-Cola's Q2 net income was $3.8 billion, up from $2.4 billion in the year-ago quarter. Other operating charges fell from almost $1.4 billion in Q2 2024 to just $71 million one year later, accounting for nearly all of the improvement. In contrast, PepsiCo's $1.3 billion in Q2 net income was down from $3.1 billion 12 months ago. Still, if not for the $1.9 billion impairment charge on intangibles, net income would have narrowly increased. Thus, without one-time charges, the results seem to closely approximate each other. Even with their numerous similarities, Coca-Cola's stock has outperformed PepsiCo's over the previous year. PEP data by YCharts However, that outperformance does not necessarily make Coca-Cola the clear choice, even though Coca-Cola's P/E ratio of 28 is not significantly higher than PepsiCo's 27 earnings multiple. When comparing forward P/E ratios (which exclude one-time charges), PepsiCo's 18 forward price-to-earnings ratio is considerably lower than Coca-Cola's, a stock which trades at a forward P/E ratio of 23. Furthermore, PepsiCo may stand out with dividend investors. Both stocks are Dividend Kings by virtue of their long-established track records of annual payout hikes. Still, PepsiCo's dividend yield of almost 3.8% far outpaces Coca-Cola's at around 2.9%, arguably making PepsiCo a better fit for income investors. PEP Dividend Yield data by YCharts Coca-Cola or PepsiCo? As for which stock to choose, investors do not have a bad choice in the sense iconic brands will likely drive rising sales for both companies for years to come. However, if you're buying today, PepsiCo appears to offer a slight edge to shareholders. Admittedly, both stocks have offered growth and income to their long-term investors, and that is unlikely to change. Also, Coca-Cola's more recent outperformance may tempt investors to choose it. Nonetheless, both are mature, slower-growth companies, and that makes PepsiCo's attributes stand out. For one, since PepsiCo operates in both the beverage and snack industries, it offers a greater degree of revenue diversification. Also, while financial results appear similar in most respects, PepsiCo's forward P/E ratio suggests it is the lower-cost stock after factoring in one-time charges. Finally, thanks in part to a lower valuation, PepsiCo offers investors higher dividend returns. Since investors tend to buy these stocks for income, PepsiCo is probably the more suitable choice in most cases. Should you invest $1,000 in PepsiCo right now? Before you buy stock in PepsiCo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PepsiCo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025


Globe and Mail
12 hours ago
- Globe and Mail
100 Days to 8th CIIE: Preps Harden as Global Exhibitors Eye Business Potential in China
Facing the complex international landscape and mounting challenges, China International Import Expo (CIIE) consistently acts as a platform for global business exchange. With only 100 days to go, the 8th CIIE is set to take place in Shanghai from November 5 to 10. As of now, over 50 countries and international organizations have confirmed their participation in the Country Pavilion. Sweden and the United Arab Emirates will serve as guest countries of honor at the 8th CIIE, while Kyrgyzstan will make its debut. To help global enterprises across sectors better integrate into the Chinese market, the Corporate Pavilion features six major exhibition areas—encompassing Medical Equipment and Healthcare Products, Automobile and Smart Mobility, Intelligent Industry & Information Technology, Consumer Goods, Food and Agriculture Products, and Trade in Services—and will continue hosting its Innovation Incubation Special Section. Driven by strong interest and participation from overseas companies, total booked exhibition space has surpassed 330,000 square meters, with 170 companies and 26 institutions becoming eight-time full-attendance exhibitors. Notably, this year's Corporate Pavilion introduces four fresh innovations, demonstrating its vibrant energy and vast collaboration opportunities for participants. l A special section for the least-developed countries products will launch alongside an upgraded Africa products section, helping 53 diplomatic African partners leverage zero-tariff treatment to enter the Chinese market. l A new section for overseas provinces and cities stands as another highlight. l Focused on global premieres, a dedicated trail for exploring debuts and a section amplifying exhibitors' presence are introduced. l A cross-border e-commerce platform will be established for specialized promotion, matching, and livestreaming. The 8th Hongqiao International Economic Forum (HQF) will convene under the theme 'Opening-up for New Opportunities, Cooperation for a Shared Future'. Alongside the release of the World Openness Report 2025 and the latest World Openness Index, the HQF will host over 20 parallel sessions on revitalizing multilateral cooperation, empowering digital intelligence, green and sustainable development, and a more open China. Side events will retain previous categories, while people-to-people exchange activities will add a new 'Charming Friends of City' zone, inviting international friendly provinces and cities to set up their booths. Stay tuned for the 8th CIIE – secure your spot now! Sign up as an exhibitor: Sign up as a professional visitor: Media Contact Company Name: China International Import Expo Contact Person: CUI Yan Email: Send Email Country: China Website: