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The Coca-Cola Company — Third Quarter 2026 Earnings Summary

  • Net revenues grew 7% year-over-year to $13.4 billion, with consolidated unit case volume up 5% and comparable operating margin expanding to 32.9% from 31.9%.
  • Full Year 2026 guidance was raised, projecting organic revenue growth of at least 5%, comparable EPS growth of at least 11%, and free cash flow of at least $13.0 billion.
  • Strong performance was driven by double-digit growth in Coca-Cola Zero Sugar (16%) and water (8%), alongside significant operating income gains in Bottling Investments (261%) and Latin America (29%).
  • Long-term debt decreased to $36.6 billion from $42.1 billion, while assets held for sale increased to $6.275 billion, reflecting ongoing portfolio optimization including pending bottling sales in Africa.
Company
COCA COLA CO
Sector
Consumer Defensive
Industry
Beverages - Non-Alcoholic