Coca-Cola Reports Third-Quarter Earnings Beat and Raises Full-Year Guidance
Coca-Cola (KO) reported third-quarter results that exceeded Wall Street expectations, posting adjusted earnings per share of $0.91 and revenue of $13.4 billion. Following these results, management raised its full-year organic revenue growth guidance to at least 5% and increased its 2026 comparable earnings-per-share growth outlook to at least 11%. The company also boosted its free cash flow projection to at least $13 billion. Despite the beat-and-raise performance, the stock fell approximately 1.6% following the report due to concerns regarding flat unit case volumes in North America and upcoming headwinds from the refranchising of Coca-Cola Beverages Africa. CFO John Murphy noted that consumer pressure within the restaurant industry remains a factor, though management expressed optimism regarding sequential volume improvements and supply chain resolutions for brands like Sprite and Topo Chico.
Topics: consumer demand earnings beat free cash flow guidance raise revenue growth
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