Coca-Cola raised its full-year guidance after beating Wall Street earnings expectations, with CFO John Murphy saying Diet Coke is having 'a moment.' Global unit case volume rose 5%, above the 2.5% growth expected, driven by a 16% surge in Coke Zero Sugar and a 7% increase in Diet Coke and Coca-Cola Light. The company now expects revenue to grow 5% and earnings to grow 9% to 10%, up from prior ranges. Murphy noted that a recent ransomware attack on Fairlife production will not have a material financial impact, while higher input costs from Middle East conflicts remain a concern for 2027.
The Coca-Cola CompanyCoca-Cola raised full-year guidance after beating earnings, driven by strong volume growth in Diet Coke and Coke Zero.
Coca-Cola Europacific Partners PLCAs a major bottler, Coca-Cola Europacific Partners benefits from Coca-Cola's volume growth and raised guidance.