Coca-Cola Q2 revenue beats on demand for sodas
KO•What drove the quarter
- Volume growth: 5% global unit case volume growth led by India, China, the United States and Brazil.
- Pricing actions: 2% price/mix growth primarily driven by pricing actions in the marketplace, partially offset by unfavorable mix.
- Marketing and innovation: The FIFA World Cup campaign and consumer-led innovation contributed to volume growth for Trademark Coca-Cola and Powerade.
Full-year outlook raised
The company raised its full-year guidance for organic revenue and comparable EPS growth.
- Coca-Cola raised its 2026 organic revenue growth outlook to approximately 5% from 4% to 5%.
- It now expects 2026 comparable EPS growth of 9% to 10%, up from 8% to 9%.
- Coca-Cola sees 2026 free cash flow at approximately $12.4 billion, up from $12.2 billion.
Q2 results beat expectations
Coca-Cola said second-quarter revenue rose 7%, beating analyst expectations. Adjusted earnings per share for the quarter rose 11% and also beat analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $13.4 bln | $13.16 bln (15 Analysts) |
| Q2 Adjusted EPS |
