Coca-Cola reports third quarter 2026 revenue beat of $13.4B and raises full-year outlook

Coca-Cola reported third quarter 2026 net revenues of $13.4 billion, representing 7% growth and exceeding the $11.62 billion estimate. Comparable earnings per share of $0.91 grew 11% year-over-year, also beating expectations, driven by volume growth in emerging markets and a 2-point currency tailwind.

Key Highlights

• Global unit case volume expanded 5%, led by strong performance in India, China, Mexico, and Brazil, with Coca-Cola Zero Sugar surging 16%.
• Organic revenue growth of 7% was supported by a 1% price/mix improvement and favorable timing of concentrate shipments.
• Comparable operating margin expanded to 32.9% from 31.9% in the prior year, as organic growth and currency tailwinds offset higher marketing investments.
• Management raised full-year 2026 guidance, now projecting organic revenue growth of at least 5% and comparable currency neutral EPS growth of at least 11%.