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Coca-Cola tops estimates, raises earnings outlook as global beverage demand rises

Organic revenue rose 10% and global unit case volume increased 3% as the company lifted its 2026 earnings forecast.

  • On Tuesday, Coca-Cola reported first-quarter revenue grew 12% to $12.5 billion, surpassing Wall Street estimates with adjusted earnings of $0.86 per share, beating expectations of $0.81.
  • Net revenues were driven by an 8% increase in concentrate sales and 2% growth in price/mix, while organic revenues grew 10% as global unit case volume rose 3%.
  • CEO Henrique Braun attributed the results to staying close to the consumer and executing locally, stating "our unwavering focus on staying close to the consumer, executing locally and managing complexity" reflects the company's strategy.
  • Coca-Cola raised its 2026 comparable EPS growth outlook to 8% to 9%, up from prior guidance of 7% to 8%, and projected organic revenue growth of 4% to 5%.
  • The updated outlook includes an approximate 3% currency tailwind and roughly 1% headwind from acquisitions, while flagging a 4% divestiture headwind assuming Coca-Cola Beverages Africa sale closes in the second half.
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The company recorded revenues of US$12.4 billion between January and March, a 12% year-on-year increase, and in Latin America, including Brazil, it achieved a 14% increase in revenue.

·Brazil
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CNBC broke the news in United States on Tuesday, April 28, 2026.
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