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Verified earnings summary

Research updated: Jul 12, 2026, 12:00 AM UTC

KO 2026 Q1

For the quarter ended April 3, 2026, Coca-Cola reported global volume growth, double-digit organic revenue growth, operating-margin expansion, and value-share gains, while updating currency and divestiture assumptions in its full-year guidance.

This page provides a source-verified release summary. It does not display a normalized metric table or post-earnings market reaction until those fields are independently verified.

Constructive signals after the release

  • Global unit case volume grew and Coca-Cola gained value share in total nonalcoholic ready-to-drink beverages, supporting the durability of its brand and distribution system.
  • Organic revenue growth, disciplined operating expenses, and favorable currency supported comparable operating-margin expansion despite higher input costs and marketing investment.
  • The planned CCBA sale can further concentrate Coca-Cola on brand ownership and concentrate economics, subject to closing and effective system execution.

Risks that still need monitoring

  • Input and marketing cost pressure

    Higher input costs and increased marketing investment partially offset first-quarter comparable margin expansion and could intensify if inflation persists.

  • Currency and transaction dependence

    Reported growth and guidance benefit from currency assumptions, while the expected CCBA divestiture remains subject to regulatory approval and closing timing.

  • Consumer and regulatory pressure

    Changes in consumer health preferences and taxes or restrictions targeting sugar, packaging, water use, or marketing can reduce demand or raise compliance and operating costs.

Primary sources

Coca-Cola Reports First Quarter 2026 Results and Updates Full Year GuidanceThe Coca-Cola Company · earningsVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 4/28/2026, 12:00:00 AM

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The Coca-Cola Company Investor RelationsThe Coca-Cola Company · companyVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

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Coca-Cola Form 10-Q for the Quarter Ended April 3, 2026U.S. Securities and Exchange Commission · filingVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 4/30/2026, 12:00:00 AM

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