From BigGo Finance · BigGo Finance · · 50s
Coca-Cola Tops Q3 Estimates With 7% Revenue Gain
Coca-Cola beats Q3 estimates as PepsiCo cuts 2026 profit outlook.
In brief
Coca-Cola beats Q3 estimates as PepsiCo cuts 2026 profit outlook. Coca-Cola revenue rose 7% to $13.4 billion in Q3, while PepsiCo trimmed its 2026 earnings growth forecast to 1%-2%. Originally reported by BigGo Finance.
Coca-Cola Q3 Results
Coca-Cola revenue rose 7% to $13.4 billion, beating estimates.
PepsiCo Trims 2026 Outlook
PepsiCo reduced its 2026 core earnings growth forecast to 1%-2%.
KFC Switch to Coca-Cola
KFC will switch to Coca-Cola beverages in U.S. locations starting January 2027.
Stock Valuation Difference
Coca-Cola trades at 26.3 times earnings versus PepsiCo's 15.8 times.
Morningstar Analyst View
Morningstar sees limited upside in Coca-Cola after a 30% rally.
“Coca-Cola's rally this year leaves little room for further appreciation”
Piper Sandler Target Raise
Piper Sandler raised Coca-Cola target to $102 from $95.
KFC Switch Impact
KFC switch could add $375 million to $560 million in sales for Coca-Cola.
“the restaurant business could add $375 million to $560 million in sales”
The one thing
Coca-Cola revenue rose 7% to $13.4 billion in Q3, while PepsiCo trimmed its 2026 earnings growth forecast to 1%-2%.
