From The Motley Fool · Motley Fool Transcribing · · 2m
Coca-Cola Q3 2026 Earnings Boost
Coca-Cola reports 7% organic revenue growth and 5% unit case volume rise in Q3 2026.
In brief
Coca-Cola reports 7% organic revenue growth and 5% unit case volume rise in Q3 2026. Coca-Cola's Q3 2026 earnings show 7% organic revenue growth and 5% unit case volume increase with strong emerging markets performance. Originally reported by The Motley Fool.
Q3 2026 Results
Coca-Cola reported 7% organic revenue growth and 5% unit case volume increase in Q3 2026.
Net Revenues
Net revenues reached $13.4 billion, a 7% increase driven by higher concentrate sales and pricing actions.
Organic Revenues
Organic revenues grew 7% reflecting 7% concentrate sales growth and 1% price/mix improvement.
Unit Case Volume
Unit case volume grew 5% led by strong performance in India, China, Mexico, and Brazil.
Comparable EPS
Comparable EPS rose to $0.91, an 11% increase including a two-point currency tailwind benefit.
Concentrate Sales
Concentrate sales grew 7% two points ahead of unit case volume due to shipment timing.
Price/Mix
Price/mix grew 1% from four points of pricing offset by three points of unfavorable mix.
Operating Margin
Comparable operating margin expanded to 32.9% versus 31.9% last year.
Gross Margin
Comparable gross margin increased approximately 170 basis points driven by organic revenue growth.
Free Cash Flow
Free cash flow reached $11.4 billion year to date, an increase supported by business performance.
Net Debt Leverage
Net debt leverage remains at 1.3 times EBITDA below the company's target range of 2 to 2.5 times.
Full Year 2026 Guidance
Full year 2026 organic revenue guidance is at least 5% growth including slight destocking effects.
Full Year 2026 EPS Guidance
Full year 2026 comparable EPS guidance is at least 11% growth versus $3 in 2025.
Full Year 2026 Free Cash Flow Guidance
Full year 2026 free cash flow guidance is at least $13 billion with $15.2 billion operations and $2.2 billion capital expenditures.
North America Performance
North America revenue grew 3% to $5.4 billion with unit case volume even due to July 4 holiday timing.
Latin America Performance
Latin America revenue grew 25% to $2 billion with unit case volume up 6% in Brazil and Mexico.
In short
Coca-Cola's Q3 2026 earnings show 7% organic revenue growth and 5% unit case volume increase with strong emerging markets performance.
