Coca-Cola reported second-quarter net revenue growth of 7% to $13.4 billion, with organic revenue up 6% and global unit case volume up 5%, and management raised its full-year outlook. Reported EPS climbed 16% to $1.03, comparable EPS rose 11% to $0.97, and comparable operating margin improved to 35.6% from 34.7% a year earlier. The beverage-maker now expects organic revenue to grow about 5% in 2026, with comparable EPS growth of 9% to 10% and roughly $12.4 billion in free cash flow. Coca-Cola generated $6.9 billion in free cash flow during the first half of 2026, supporting a forward dividend of about $2.12 per share and a yield of roughly 2.5%. The stock trades at about 26.6 times trailing earnings and 25.3 times forward earnings, a premium the company must justify with continued high-single-digit earnings growth.
The Coca-Cola CompanyQ2 revenue rose 7% to $13.4B, EPS up 16%, margins improved, and management raised its 2026 outlook
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