Coca-Cola raised its fiscal 2026 outlook following better-than-expected second-quarter results. The company now expects organic revenues to increase about 5% in 2026, at the high end of its previous 4-5% range, and comparable currency-neutral earnings per share to rise 7-8%, above the prior 6-7% forecast. Second-quarter revenues increased 7% year over year to $13.38 billion, beating the Zacks Consensus Estimate of $13.06 billion, while comparable earnings of 97 cents per share topped the consensus of 92 cents. Global unit case volume advanced 5%, supported by growth across markets and beverage categories, and comparable operating margin expanded to 35.6% from 34.7%. The pending sale of Coca-Cola Beverages Africa is expected to improve the structural margin profile but will create a 2-3% drag on comparable revenues and an approximately 1% headwind to comparable earnings per share for 2026.
The Coca-Cola CompanyRaised 2026 outlook and beat Q2 estimates, with strong volume and margin expansion.
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