Coca-Cola Co. reported its first-quarter 2025 earnings, surpassing Wall Street's expectations with an adjusted earnings per share of $0.73, compared to the consensus estimate of $0.72. Despite a 2% decline in revenue to $11.1 billion, which fell short of the expected $11.14 billion, the company's organic revenue grew by 6%. Net income for the quarter was $3.33 billion, with earnings per share at $0.77, a gross margin of 62.6%, and an operating margin of 32.9%. However, free cash flow was negative at $5.5 billion. The beverage giant reaffirmed its full-year outlook for 2025, anticipating organic revenue growth of 5% to 6% and comparable earnings per share growth of 2% to 3%. Coca-Cola expects the impact of global trade conflicts, including tariffs, to be manageable, despite potential cost increases in certain components of its operations. The company's performance was bolstered by a 5% increase in average selling prices and a 2% rise in unit case volumes. However, sales in North America saw a 3% decrease, attributed to weakening consumer sentiment, particularly among Hispanic consumers, following false rumors about the company's immigration practices. Shares of Coca-Cola rose 1.2% in premarket trading.