The Coca-Cola Company reported second-quarter earnings that topped Wall Street expectations, even as revenue came in slightly below forecasts. Comparable earnings per share rose 4% year-over-year to $0.87, beating the $0.83 consensus, while GAAP EPS jumped 58% to $0.88. Net revenue increased 1% to $12.5 billion, just shy of the $12.55 billion analysts expected. Comparable operating margin expanded to 34.7%, helped by cost controls and the timing of marketing spending. Pricing continued to offset weaker demand. Organic revenue grew 5% on a 6% gain in price/mix, despite a 1% decline in unit case volume and a similar drop in concentrate sales. The company said it gained value share in non-alcoholic ready-to-drink beverages, with Coca-Cola Zero Sugar posting double-digit growth for a fourth straight quarter. Management reaffirmed its forecast for 5%–6% organic revenue growth in 2025 and nudged its full-year comparable EPS outlook to about 3% growth, from a prior range of 2%–3%. Capital spending is still expected to be roughly $2.2 billion, and the beverage maker targets $9.5 billion of free cash flow for the year. Coca-Cola shares were little changed in early New York trading, oscillating between a 0.5% gain and a 1% decline as investors weighed the stronger profitability against modest volume pressure.