Coca-Cola's second quarter results beat estimates on strong 5% volume growth, leading to a raised full-year 2026 guidance.

Coca-Cola reported second quarter 2026 net revenues of $13.4 billion, up 7% year-over-year, and comparable EPS of $0.97, up 11%. Global unit case volume grew by 5%, outperforming expectations. The company also raised its full-year guidance for comparable currency-neutral EPS growth.

Key Highlights

• Organic revenue grew 6% (Non-GAAP), driven by a 4% increase in concentrate sales and 2% growth in price/mix.
• Global unit case volume increased by 5%, with sparkling soft drinks growing 4% and Trademark Coca-Cola growing 5%.
• The company raised its full-year 2026 guidance for comparable currency-neutral EPS growth (Non-GAAP) to a range of 7% to 8%, up from the previous 6% to 7%.