Coca-Cola's first quarter 2026 revenue and EPS beat estimates, driven by 10% organic growth.

The Coca-Cola Company reported first quarter 2026 net revenues of $12.5 billion, a 12% increase year-over-year, and comparable EPS of $0.86, an 18% increase. Both metrics exceeded analyst expectations, aided by a six-day calendar tailwind during the quarter.

Key Highlights

• Organic revenue grew 10%, driven by an 8% increase in concentrate sales and 2% growth in price/mix. Concentrate sales were 5 points ahead of unit case volume, primarily due to the additional days in the quarter.
• Global unit case volume increased by 3%, with strong performance from Coca-Cola Zero Sugar, which grew 13%, and solid growth in North America (+4%) and Asia Pacific (+5%).
• The company updated its full-year 2026 outlook, now expecting comparable EPS (non-GAAP) growth of 8% to 9%, up from previous guidance.