Coca-Cola Co (NYSE:KO) stock rose 0.24% (As on April 29, 11:35:38 AM UTC-4, Source: Google Finance) after the company posted first-quarter earnings and revenue that topped analysts’ expectations. The world’s largest beverage maker raised its full-year outlook for earnings. The company said its focus on smaller sizes is paying off with budget-conscious consumers. Coca-Cola reported organic revenue growth of 10%, its best organic growth in five quarters. Each of Coca-Cola’s operating segments reported volume growth for the quarter, with volume in North America increasing 4% from a year earlier.

Moreover, Coca-Cola said it gained share in the market for nonalcoholic ready-to-drink beverages. Sales volume of mini cans grew at a high-single-digit percentage after the company introduced single-serve mini cans in convenience stores. Unit case volume grew 3% in the quarter, led by China, the United States and India. Performance included the following Sparkling soft drinks grew 2%, Trademark Coca‑Cola grew 2%, driven by growth in Asia Pacific and North America, Coca‑Cola Zero Sugar grew 13%, driven by growth across all geographic operating segments, Diet Coke/Coca‑Cola Light grew 6%, driven by growth in North America. Juice, value-added dairy and plant-based beverages declined 1%, as growth in Asia Pacific was more than offset by a decline in Europe, Middle East & Africa (“EMEA”). Water, sports, coffee and tea grew 5%. Water grew 5%, driven by growth across all geographic operating segments. Sports drinks grew 3%, driven by growth in North America and EMEA. Coffee was even. Tea grew 8%, driven by growth in EMEA, Latin America and Asia Pacific. The company successfully launched innovative products like Coca-Cola Cherry Float and Powerade Power Water, contributing to revenue growth.

Meanwhile, the company faced softness in price/mix in North America due to Easter timing and unfavorable category mix. Volume declined in March in Eurasia and the Middle East due to geopolitical conflicts. Profitability in the Asia-Pacific region was impacted by commodity headwinds and inventory cost phasing. The company anticipates a 4-point headwind to comparable net revenues from divestitures, including the pending sale of Coca-Cola Beverages Africa.

KO in the first quarter of FY 26 has reported the adjusted earnings per share of $0.86, beating the analysts’ estimates for the adjusted earnings per share of $0.81, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 12 percent to $12.47 billion in the first quarter of FY 26, beating the analysts’ estimates for revenue of $12.43 billion.