Coca-Cola said Tuesday it will add a cane-sugar version of its trademark cola to its U.S. lineup this fall, confirming a recent announcement by President Donald Trump.
Trump said in a social media post last week that Coca-Cola had agreed to use real cane sugar in its flagship product in the U.S., which has been sweetened with high fructose corn syrup since the 1980s. Coke didn't immediately confirm the change, but promised new offerings soon.
On Tuesday, Coca-Cola Chairman and CEO James Quincey said Coke will expand its product range “to reflect consumer interest in differentiated experiences.”
“We appreciate the president’s enthusiasm for our Coca-Cola brand,” Quincey said in a conference call with investors Tuesday. “We are definitely looking to use the whole tool kit of available sweetening options."
Quincey noted that Coke uses cane sugar in some other U.S. drinks, like its Simply brand lemonade and Honest Tea. Coke has also sold Mexican Coke, which is made with cane sugar, in the U.S. since 2005.
“We’re always looking for opportunities to innovate and see whether there’s an intersection of new ideas and where consumer preferences are evolving,” Quincey said. “It’s a good sign that the industry, including ourselves, are trying lots of different things.”
Rivals PepsiCo and Dr Pepper have been selling versions of their trademark colas sweetened with cane sugar in the U.S. since 2009.
Asked if Coke would also consider introducing a prebiotic version of its trademark cola — as PepsiCo did this week — Quincey said the company is currently selling a Coke with added fiber in Japan and is studying consumer response to it.
Quincey said consumer demand for its products improved in the second quarter in many markets, including China, Europe, Africa and North America.
“I would I would say overall that the global economy and the global consumer remains resilient,” Quincey said.
But early monsoons and conflict hurt demand in India, and Quincey said demand in Thailand and Indonesia was also weaker than expected. Quincey also said lower-income consumers in the U.S. and elsewhere have also pulled back on spending.
Global case volumes of Coca-Cola fell 1%. Juice, dairy and plant-based beverages fell 4%, Coke said. Sports drink case volumes were down 3%, as higher demand in North America was offset by declines in Latin America.
One bright spot was Coca-Cola Zero Sugar, which saw case volumes grow 14%. Traditional Coca-Cola still far outsells the zero-sugar variety, but consumer demand for zero-sugar versions is growing much more quickly.
In North America, case volumes fell 1%, but that was an improvement from the first quarter, when they were down 3%.
Quincey said Hispanic sales in the U.S. returned to normal levels by the end of June. They had plummeted starting in February, when a social media video began circulating that claimed Coke was reporting its own workers to U.S. Immigration and Customs Enforcement officers.
Quincey said the claim was false. The company has been trying to win back Hispanic consumers with targeted deals and ads touting the company’s local economic impact.
“It was still a headwind in the second quarter but the issue is now largely resolved,” Quincey said Tuesday.
Coca-Cola reported better-than-expected earnings in the second quarter as higher prices offset the weaker volumes. Coke said pricing rose 6% globally.
Revenue for the Atlanta company rose 1% to $12.5 billion. Adjusted for one-time items, quarterly revenue was $12.6 billion. That was in line with Wall Street’s forecast, according to analysts polled by FactSet.
Net income jumped 58% to $3.8 billion. Coke's adjusted net income was 87 cents, which was higher than the 83 cents Wall Street forecast.
Coke said it now expects full-year adjusted earnings to grow 8%. At the start of the year, Coke had expected earnings to grow 8% to 10%, but in April it lowered that range to 7% to 9%. Coke earned $2.88 per share in 2024.
Shares of Coca-Cola Co. were down 1% in early trading Tuesday.
Bottles of Mexican Coca-Cola are displayed at a grocery store in Mount Prospect, Ill., Thursday, July 17, 2025. (AP Photo/Nam Y. Huh)
KYIV, Ukraine (AP) — Russian drones blasted apartment buildings and the power grid in the southern Ukraine city of Odesa in an overnight attack that injured six people, including a toddler and two other children, officials said Wednesday.
Four apartment buildings were damaged in the bombardment, according to regional military administration head Oleh Kiper. Power company DTEK said two of its energy facilities suffered significant damage. The company said that 10 substations that distribute electricity in the Odesa region were damaged in December alone.
Russia has this year escalated its long-range attacks on urban areas of Ukraine. In recent months, as Russia’s invasion of its neighbor approaches its four-year milestone in February, it has also intensified its targeting of energy infrastructure, seeking to deny Ukrainians heat and running water in the bitter winter months.
From January to November this year, more than 2,300 Ukrainian civilians were killed and more than 11,000 were injured, the United Nations said earlier this month. That was 26% higher than in the same period in 2024 and 70% higher than in 2023, it said.
Russia’s sustained drone and missile attacks have taken place against backdrop of renewed diplomatic efforts to stop the fighting.
U.S. President Donald Trump hosted Ukrainian President Volodymyr Zelenskyy at his Florida resort on Sunday and announced that a settlement is “closer than ever before." The Ukrainian leader is due to hold talks next week with the heads of European governments supporting his efforts to secure acceptable terms.
The ongoing attacks, meantime, are inflaming tensions.
The overnight Odesa strikes “are further evidence of the enemy’s terror tactics, which deliberately target civilian infrastructure,” Kiper, the regional head, said.
Moscow has alleged that Ukraine attempted to attack Russian President Vladimir Putin’s residence in northwestern Russia with 91 long-range drones late Sunday and early Monday. Ukrainian officials deny the claim and say it’s a ruse to derail progress in the peace negotiations.
Maj. Gen. Alexander Romanenkov of the Russian air force claimed Wednesday that the drones took off from Ukraine’s Sumy and Chernihiv regions.
At a briefing where no questions were allowed, he presented a map showing the drone flight routes before they were downed by Russian air defenses over the Bryansk, Tver, Smolensk and Novgorod regions.
It was not possible to independently verify the reports.
The European Union’s foreign policy chief, Kaja Kallas, on Wednesday called the Russian allegations “a deliberate distraction” from the peace talks.
“No one should accept unfounded claims from the aggressor who has indiscriminately targeted Ukraine’s infrastructure and civilians since the start of the war,” Kallas posted on X.
Zelenskyy said Wednesday that Romania and Croatia are the latest countries to join a fund that buys weapons for Ukraine from the United States. The financial arrangement, known as the Prioritized Ukraine Requirements List, or PURL, pools contributions from NATO members, except the United States, to purchase American weapons, munitions and equipment.
Since it was established in August, 24 countries are now contributing to the fund, according to Zelenskyy. The fund has so far received $4.3 billion, with almost $1.5 billion coming in December alone, he said on social media.
Ukraine’s air force said Wednesday that Russia fired 127 drones at the country during the night, with 101 of them intercepted by air defenses.
Meanwhile, the Russian Defense Ministry said that 86 Ukrainian drones were shot down overnight over Russian regions, the Black Sea and the illegally annexed Crimea peninsula.
The Ukrainian attack started a fire at an oil refinery in Russia's southern Krasnodar region, but it was quickly put out, local authorities said.
This story has corrected the day of the alleged Ukrainian drone attack on the Russian president’s residence to late Sunday and early Monday.
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine
In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Odesa, Ukraine, Wednesday, Dec. 31, 2025. (Ukrainian Emergency Service via AP)
In this image made from video provided by the Russian Defense Ministry Press Service on Tuesday, Dec. 30, 2025, a Russian Army soldier fires from D-30 howitzer towards Ukrainian positions in an undisclosed location in Ukraine. (Russian Defense Ministry Press Service via AP)
