The Coca-Cola Company (KO) Earnings Call Transcripts

The Coca-Cola Company's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, The Coca-Cola Company reported strong results, with organic revenue growth of 6% and earnings per share (EPS) of $0.97, reflecting an 11% increase year-over-year. The company raised its full-year guidance, now expecting organic revenue growth of approximately 5% and EPS growth of 9% to 10%. This positive momentum was driven by a successful FIFA World Cup marketing campaign and broad-based volume growth across its beverage portfolio, despite challenges in certain global markets.

Reported metrics

Guidance from management

Coca-Cola raised its full-year guidance, now expecting organic revenue growth of approximately 5% and comparable EPS growth of 9% to 10%. Management remains confident in their ability to deliver on these updated expectations despite an uncertain external environment.

What management said

Let me just add 1 additional piece. Just keep in mind, the long-term algorithm is a long-term algorithm. And it's rooted in first of all, what the industry typically grows by? And if you go back 30 years, there's been a handful of anomalous years but it typically is in the 3% to 4% range. And so that's 1 key consideration to think about longer term. And then the second 1 is as we have worked hard over many, many year...

So to close this out, we are really encouraged by our business results and are really confident that we have many levers to deliver on our objectives in 2026 and over the long term. Our performance is driven by our team across the Coca-Cola system, we continue to demonstrate hard work and commitment every day. I want to thank you for your interest, for your investment in our company and for joining us this morning. T...

What analysts pressed on

Analysts expressed concerns regarding the uneven consumer environment, particularly inflationary pressures impacting spending. There were questions about the sustainability of growth in the second half, especially given the easier comparisons in the first half and the potential impact of fewer days in the fourth quarter.

Main topics on the call

• Strong Volume Growth — Coca-Cola achieved a 5% increase in unit case volume for the quarter, supported by effective marketing and cycling an easier prior year comparison. Management noted, "We grew volume 5% aided by cycling an easier prior ye...
• FIFA World Cup Impact — The FIFA World Cup marketing campaign significantly contributed to volume growth, with trademark Coca-Cola experiencing its strongest volume growth in 17 years, excluding COVID recovery. Management highlighted that the c...
• Guidance Update — Coca-Cola raised its guidance for 2026, now expecting organic revenue growth of approximately 5% and comparable currency-neutral EPS growth of 7% to 8%. Management stated, "We remain confident in our ability to deliver o...
• Margin Expansion — The company reported a comparable gross margin increase of approximately 120 basis points and an operating margin increase of approximately 90 basis points, driven by underlying expansion and currency tailwinds. Manageme...

Read the full The Coca-Cola Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 67 The Coca-Cola Company earnings call transcripts on record, spanning January 30, 2020 to July 28, 2026. Based on this history, The Coca-Cola Company reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KO

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Beverages

Calls on record

67

First call

January 30, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly