Coca-Cola Reports Strong Q2 Performance with Raised Full-Year Outlook
The Coca-Cola Company (NYSE:KO) reported strong second-quarter results, driven by a 5% increase in unit case volume and 6% organic revenue growth. Comparable earnings per share rose 11% to $0.97, supported by favorable weather conditions, FIFA World Cup marketing efforts, and an easier year-over-year comparison. The company raised its full-year outlook for 2026, now expecting approximately 5% organic revenue growth—toward the high end of previous guidance—and comparable currency-neutral EPS growth between 7% to 8%. Gross margin expanded by about 120 basis points and operating margin increased by around 90 basis points. Management attributed these gains to pricing actions and cost management, though some international markets faced headwinds from geopolitical issues and consumer pressures. Coca-Cola also highlighted its strong balance sheet with $6.9 billion in free cash flow for the quarter and a net debt-to-EBITDA ratio of 1.4x—below its target range—which provides flexibility to reinvest or return capital to shareholders.
Tickers: $KO