April 29 - Coca-Cola (NYSE:KO) delivered stronger-than-expected earnings and revenue in the first quarter, helped by price hikes and steady global demand. But the soda giant also sounded a note of caution, tariffs could soon become a headache.

Revenue came in at $11.22 billion, just above analyst forecasts of $11.14 billion. Adjusted earnings hit $0.73 per share, topping expectations of $0.71. Coca-Cola kept its full-year outlook unchanged, a move that stands out as rivals like PepsiCo (PEP) and Procter & Gamble (PG) have trimmed theirs.

The company said average selling prices rose 5%, while global case volume ticked up 2%. That said, volumes in North America dropped 3%, partly due to backlash from a viral video falsely claiming Coca-Cola had reported Latino workers to immigration authorities. Executives denied the claims but admitted the controversy hit sales.

CFO John Murphy acknowledged the risks ahead, pointing to tariffs and global trade tensions. We're not immune, he said, warning that rising costs and shaky consumer confidence could be a factor.

To soften the blow, Coca-Cola is leaning into more affordable packaging and switching to plastic over aluminum, which could be slapped with a 25% tariff.

Is KO Stock a Buy Now?

Wall Street analysts are upbeat on Coca-Cola Co, projecting a one-year average price target of $75.8, implying a potential upside of 5.7% from the current price of $71.65. Forecasts range from a low of $59.6 to a high of $85. For a deeper dive into these projections, investors can explore the Coca-Cola Co (NYSE:KO) Forecast page.