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CLAIM #35664 · The Coca-Cola Company (KO) · 2025Q1 earnings call · Apr 29, 2025 · due Jun 30, 2025

The only thing that I would add relative to our previous commentary on Q2 is clearly there's -- and which is referenced as my choppy comment, there's clearly some short-term disruption in supply chains likely in the U.S.

James Quincey · CEO

PENDING
graded after results covering Jun 30, 2025 are reported

In context

ut have your expectations for the second quarter shifted? James, you mentioned the word choppy a couple of times. So, I just wasn't sure if the 2Q comment was based on some of the performance you've seen thus far in April or kind of what you're expecting looking ahead or whether it's simply just kind of a reminder on the comparison? Thanks. James Quincey: Yeah. Sure. I think firstly, it's a reminder on the comparisons that it was the strongest quarter last year. So clearly, it's going to be more complicated and just on a cycling basis to cycle, although, we still want to do well in Q2. And as John said earlier, it's one of the four quarters that goes to make up our full year guidance. So, it's clearly got to play its role and have its personality, so to speak, in delivering the full year. The only thing that I would add relative to our previous commentary on Q2 is clearly there's -- and which is referenced as my choppy comment, there's clearly some short-term disruption in supply chains likely in the U.S., I think the simplest way of bringing that to life is looking at container shipping bookings for late May, early June. Again, back to my earlier comment, it's not because it drives and impacts our business. We are not expecting to see supply-chain disruptions for our business in Q2 in the U.S. But I think there's going to be some disruption around another -- a number of categories and industries around us, which will have some effect with the consumers. You can see the consumer sentiment has been impacted, but consumer spending still seems robust. So, I would just highlight there is an increased number of known unknowns, if you like, going into Q2, which is likely to produce a broader range of choppiness that we're going to have to respond to. And that's I think the texture I would add on

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SEC filings for KO · Claim quote is verbatim from the 2025Q1 earnings call.