Coca-Cola raised its full-year guidance for the second time this year after second-quarter net revenue climbed 7% to $13.4 billion and comparable earnings per share rose 11% to 97 cents, beating Wall Street estimates by five cents. Global unit case volume grew 5%, the fastest pace in years outside pandemic-recovery comparisons, driven by a 16% jump in Zero Sugar volume and an 8% increase in Powerade volume, which was helped by placement during World Cup hydration breaks. The company now expects 2026 organic revenue growth of about 5%, up from a prior range of 4% to 5%, and raised comparable EPS growth guidance to 9% to 10% from 8% to 9%. CFO John Murphy told Reuters that the company lost value share in India's ready-to-drink beverage market due to aluminum can shortages, while rising aluminum and PET plastic costs are pressuring margins. Coca-Cola shares closed at $87.05 on Friday, near a 52-week high, and the stock is up roughly 26% so far this year.
The Coca-Cola CompanyRaised full-year guidance and beat Q2 estimates, driving positive outlook.
Coca-Cola Europacific Partners PLC