Coca-Cola Europacific Partners releases interim 2026 trading update transcript

Coca-Cola Europacific Partners published an interim 2026 trading update transcript from a call attended by CEO Damian Gammell, CFO Ed Walker, and VP Sarah Willett.

• H1 revenue was €10.7 billion, up 6.1%; volumes rose 6% or 2% days-adjusted; revenue per unit case was up 0.4%.
• Operating profit was €1.5 billion, up 8.1%; operating margin was 13.8%, up 30 bps; diluted EPS was €2.20, up 10.6%.
• Comparable free cash flow was €435 million; guidance was reaffirmed for at least €1.7 billion for the year; €600 million of the €1 billion buyback has been completed.
• Cost of sales per unit case was up 0.6% versus about 1.5% in the full-year view; Middle East-related absorption is expected to weigh more in H2.