# Coca-Cola Tops Q3 Estimates With 7% Revenue Gain

> Coca-Cola beats Q3 estimates as PepsiCo cuts 2026 profit outlook.
- Title: Coca-Cola Tops Q3 Estimates With 7% Revenue Gain | Shortify
- Summary: 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…
- Keywords: coca cola, pepsico, kfc, yum brands, morningstar, piper sandler, 2026 profit outlook, q3 revenue, finance, markets, Coca-Cola, Tops
- Source: BigGo Finance — https://finance.biggo.com/news/0b2a1486-7028-42ef-ad2c-8d09b6b25a65
- Author: BigGo Finance
- Published: 2026-10-28T18:39:24+00:00
- Read time: 1 min
- Topics: coca cola, pepsico, kfc, yum brands, morningstar, piper sandler, 2026 profit outlook, q3 revenue, finance, markets
## 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
## Key takeaway

Coca-Cola revenue rose 7% to $13.4 billion in Q3, while PepsiCo trimmed its 2026 earnings growth forecast to 1%-2%.