Coca-Cola Q1 EPS Beats Estimates, Raises 2026 EPS Growth Outlook to 6%–7%
Coca-Cola earned adjusted EPS of $0.86 in Q1, beating consensus by $0.05, with revenue of $12.5 billion topping estimates by $230 million. Organic revenue grew 10%, unit case volume rose 3%, and operating margin widened to 34.5%, while raising full-year comparable EPS growth guidance to 6%–7%.
1. Q1 Financial Results
Coca-Cola posted adjusted earnings of $0.86 per share, beating analyst expectations by $0.05, and generated $12.5 billion in revenue, outperforming forecasts by $230 million in the quarter.
2. Volume, Revenue and Margin Performance
The company saw organic revenue increase 10% and global unit case volume rise 3%, while comparable operating margin expanded to 34.5% from 33.8%, driven by pricing strength and cost management.
3. Raised Full-Year Guidance
Coca-Cola lifted its 2026 comparable EPS growth outlook to 6%–7% from prior 5%–6%, and maintained a 4%–5% organic revenue growth target, factoring in a 3% currency tailwind and divestiture impacts.