Coca-Cola raises profit forecast as premium drinks, sodas hold strong
KO•Coca-Cola raised its 2026 comparable currency-neutral earnings-per-share growth forecast to at least 9%, from 7% to 8%. Third-quarter revenue rose 7.4% to $13.38 billion, above analysts’ $12.92 billion estimate.
1. Higher profit forecast
Coca-Cola raised its forecast for 2026 comparable currency-neutral earnings per share growth to at least 9%, up from its previous range of 7% to 8%. The company cited resilient demand for zero-sugar sodas and pricier drinks, including fairlife milk and sparkling soft drinks.
2. Quarterly revenue growth
Third-quarter revenue rose 7.4% to $13.38 billion, beating analysts’ estimate of $12.92 billion. Coca-Cola has offered smaller, cheaper packs while introducing pricier flavors such as Coca-Cola Cherry Float.
3. Demand and competition
Coca-Cola also benefited from demand during the soccer World Cup in July, including a brief sales boost for its energy drink brands. The article contrasted its performance with PepsiCo, which lowered its annual targets earlier in October and stepped up cost cuts as it faced weak North American snack demand.
