Coca-Cola Lifts 2026 Comparable EPS Growth Outlook to At Least 11%

The Coca-Cola Company raised its 2026 comparable earnings outlook after third-quarter organic revenue grew 7%, with Latin America’s 16% increase leading the company’s regions and global unit case volume up 5%.

Net revenue reached $13.380 billion for the three months ended Oct. 2, up 7% from $12.455 billion a year earlier. Concentrate sales advanced 7%, while price/mix rose 1%. Comparable earnings per share (EPS) increased 11% to $0.91, and reported EPS rose 8% to $0.93.

Latin America recorded the strongest organic revenue growth among Coca-Cola’s operating regions. Its reported net revenue rose 25%, including a 9-percentage-point currency contribution. Unit case volume increased 6%, concentrate sales rose 8% and price/mix grew 7%. North American unit case volume was flat.

The company raised its 2026 comparable EPS growth outlook to at least 11%, from a previous range of 9% to 10%. It set its organic revenue growth outlook at at least 5%, compared with approximately 5% previously. Organic revenue is a non-GAAP measure adjusted for foreign-currency movements and acquisitions or divestitures.

The latest quarter followed earlier coverage of Coca-Cola’s first- and second-quarter results. Organic revenue growth was 7% in Q3. Unit case volume growth was 5% in Q3. Comparable EPS growth was 11% in Q3, and the per-share figure was $0.91.

CEO Henrique Braun said the results showed “our system’s sustained momentum” and gave the company confidence in its updated full-year guidance.