CNBC AI News, July 23 — Coca-Cola (KO) reported its Q2 2025 earnings, revealing a modest but steady performance. The beverage giant announced a 1% year-over-year increase in net revenue, reaching $12.54 billion, with adjusted revenue hitting $12.62 billion.
Operating income saw a substantial leap, surging by 63%, resulting in an impressive operating margin of 34.1%, a significant jump from the 21.3% recorded in the same period last year. Net profit attributable to shareholders landed at $3.81 billion for the quarter.
Alongside the earnings release, Coca-Cola addressed swirling rumors regarding a potential formula change in the United States.
Coca-Cola stated that, as part of its ongoing innovation strategy, the company plans to introduce a product sweetened with American cane sugar this fall in the U.S., expanding its Coca-Cola trademark offerings.
The company clarified that this cane sugar-sweetened option will complement, not replace, its existing product lineup. This move provides consumers with greater choice and diversification within the iconic Coca-Cola brand.
The announcement follows reports from CCTV News that former U.S. President Donald Trump, a self-proclaimed “Coke addict,” had been in discussions with Coca-Cola to revert the American formula from high-fructose corn syrup back to cane sugar, claiming that this would make the beverage “taste better.”
Trump had also asserted that Coca-Cola had agreed to produce Coke with real cane sugar in the United States.
However, Coca-Cola subsequently responded by clarifying that it had made no firm commitment to a complete formula overhaul.
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