Coca-cola Company (KO)
NYSE:KO
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.87Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally strong operational and financial start to 2026: volume growth across markets, a notable 10% organic revenue increase, 18% EPS growth in Q1, operating margin expansion and an upgraded full-year EPS outlook. These positive results are tempered by gross margin pressure driven by commodity and inventory phasing (notably in APAC), regional disruptions (Middle East), production constraints in select North American SKUs, and divestiture and timing headwinds. Management emphasized agility, consumer-centric execution and system-level levers to manage cost and mix, and reiterated confidence in delivering updated guidance despite macro and geopolitical uncertainties.Company Guidance
Volume Growth and Market Share Momentum
Global unit case growth of 3% and the company extended its streak of gaining overall value share for the 20th consecutive quarter; volume grew across all segments and operating units.
Strong Top-Line Performance
Organic revenue growth of 10% in Q1 (John Murphy) with concentrate sales ~5 points ahead of unit case sales due to six extra days in the quarter and shipment timing effects.
Earnings and Cash Generation
First-quarter comparable EPS of $0.86, an 18% increase year-over-year; free cash flow approximately $1.8 billion, an increase versus prior year.
Operating Margin Expansion
Comparable operating margin increased by approximately 70 basis points, reflecting operating expense efficiencies while continuing brand investment.
Upgraded Full-Year Earnings Guidance and Tax Benefit
Updated 2026 outlook: organic revenue growth expected 4%–5%; comparable EPS growth now expected 8%–9% versus $3 in 2025 (raised from prior 7%–8%), driven in part by a lower underlying effective tax rate now expected at 19.9% (a ~1 point reduction).
Strong Balance Sheet Positioning
Net debt leverage of 1.6x EBITDA, below the company's target range of 2.0–2.5x, providing capital allocation optionality while awaiting a court decision on an IRS dispute.
Commercial Execution and Distribution Expansion
System added over 600,000 outlets and placed over 340,000 units of cold drink equipment in the past year; innovations and activations (e.g., Coca-Cola Zero-Zero relaunch in Europe, Cherry portfolio, FIFA World Cup activations) contributed meaningfully to volume and retail sales growth.
Regional Wins and Brand Momentum
North America, Latin America and EMEA reported volume, revenue and profit growth with share gains; Sprite and Fuze Tea showed strong global volume growth (Fuze Tea grew double-digits); trademark Coca-Cola led the industry in retail sales growth.
KO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $75.44 | $78.35 | +3.86% |
Feb 10, 2026 | $77.44 | $76.28 | -1.49% |
Oct 21, 2025 | $67.50 | $70.24 | +4.06% |
Jul 22, 2025 | $68.58 | $68.18 | -0.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Coca-cola Company (KO) report earnings?
Coca-cola Company (KO) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Coca-cola Company (KO) earnings time?
Coca-cola Company (KO) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KO EPS forecast?
KO EPS forecast for the fiscal quarter 2026 (Q2) is 0.93.
