Coca-Cola lifts profit forecast as international soda demand holds firm
Higher-priced drinks and stronger volume in India and Brazil helped offset rising input costs, lifting comparable earnings guidance to at least 11%, the company said.
- On Tuesday, Coca-Cola reported third-quarter revenue of US$13.38 billion, a 7.4% increase that beat analysts' estimates of US$12.92 billion, prompting the company to raise its annual profit forecast.
- Growth in India, China, Mexico, and Brazil lifted global unit case volumes about 5%, while resilient demand for zero-sugar sodas and fairlife milk strengthened results across markets.
- Operating margins rose to 33.4% during the quarter, though the company faces higher packaging costs as the war in Iran drives up commodity prices for aluminum and PET materials.
- Jefferies analyst Kaumil Gajrawala said "the gap between Coke and peers is widening," noting that companies delivering volume growth should outperform in the current market environment.
- Coca-Cola now expects comparable currency-neutral earnings per share to grow at least 9% in 2026, while targeting annual organic revenue growth of at least 5%, both raised from prior forecasts.
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63 Articles
Coca-Cola posted higher revenue and profit in the past quarter than analysts had expected. This is evident from the quarterly figures. The soft drink company is therefore raising its profit forecast for this year for the third time in a row. However, sales in North America continue to lag behind.
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