Coca-Cola Q3 2026: Volume growth and raised guidance signal real momentum
As seen on the 24/7 Wall St. homepage on October 27, 2026.
Volume, not just pricing, is driving the upside: global unit case volume grew 5%, with Coca-Cola Zero Sugar up 16%. Management raised full-year free cash flow guidance to at least $13.0 billion and lifted comparable EPS growth to at least 11%.
Continue ReadingShow less
Coca-Cola delivered adjusted earnings per share of $0.91 for the third quarter of 2026, beating expectations and extending its streak to six consecutive quarters of topping Wall Street's EPS estimates.
Global unit case volume rose 5%, led by India, China, Mexico, and Brazil, with Coca-Cola Zero Sugar up 16% across all geographic segments. That breadth points to demand, not just pricing, carrying the quarter.
Latin America led the segments with revenue up 25%, while North America posted 3% revenue growth on flat unit case volume, with declines in water, sports, coffee, and tea.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
Management raised full-year 2026 free cash flow guidance to at least $13.0 billion, up from approximately $12.4 billion, and lifted its comparable EPS growth outlook to at least 11%. CEO Henrique Braun said the results demonstrate the system's sustained momentum and gave management confidence in the updated full-year guidance.
Q4 2026 carries six fewer calendar days than Q4 2025, which will weigh on reported results, and ongoing IRS tax litigation remains an open risk. For 2027, the company flagged approximately 8% revenue headwind from acquisitions and divestitures, with full guidance due alongside Q4 earnings.
Mentioned: KO