Coca-Cola lifted its full-year comparable EPS growth guidance to 9% to 10% and its free cash flow outlook to roughly $12.4 billion after posting its fifth consecutive earnings beat. The beverage giant reported adjusted EPS of $0.97 versus $0.9323 estimated on revenue of $13.38 billion, up 6.74% year over year, with global unit case volume rising 5% on the back of a FIFA World Cup activation spanning more than 180 markets. Coca-Cola Zero Sugar volume climbed 16%, Latin America revenue grew 16%, and operating margin expanded to 34.9%, while trademark Coca-Cola volume delivered its strongest growth in 17 years excluding the COVID recovery. Shares of Coca-Cola, Warren Buffett's largest and longest-held equity position since 1988, have climbed 28.24% year to date and 35.86% over the past year, trading just below a 52-week high of $91.94. Risks include a $960 million BODYARMOR impairment booked in the fourth quarter of 2025, ongoing IRS tax litigation, value-share loss in India, and six fewer selling days in the fourth quarter of 2026.
The Coca-Cola CompanyCoca-Cola posted its fifth straight earnings beat, lifted full-year EPS growth guidance to 9%-10% and raised its free cash flow outlook to ~$12.4 billion.
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