Coca-Cola Q2 2026 Earnings Top Estimates on Strong Volume, Revenue

Coca-Cola delivered a robust set of Q2 2026 figures, with unit case volume up 5% (vs. 2.47% expected). Comparable earnings per share reached 97 cents, beating the consensus of 93 cents. Adjusted organic revenue climbed 6%, comfortably exceeding the 3.63% forecast, while concentrate sales advanced 4% (vs. 1.04% estimate). The comparable operating margin came in at 35.6%, slightly above the Street's 35% estimate.

The only notable shortfall was in price/mix, which increased 2% compared to an expected 2.61%, but this was overshadowed by the volume strength.

Looking ahead, Coca-Cola sees full-year comparable EPS growth of 9% to 10%, and organic revenue expansion of 4% to 5%, against a consensus estimate of 4.64%.