Coca-Cola on Tuesday announced Q1 2026 earnings and revenue that exceeded analysts’ expectations, driven by increased demand for its beverages.
Coca-Cola’s Q1 earnings highlights included:
Revenues: Net revenues increased by 12% to $12.5 billion, and organic revenues (non-GAAP) increased by 10%, driven by an 8% rise in concentrate sales and a 2% growth in price/mix. Concentrate sales outpaced unit case volume by 5 points, mainly due to six additional days in the quarter, partially offset by the timing of concentrate shipments.
Operating margin: Operating margin was 35.0% versus 32.9% in the prior year, and comparable operating margin (non-GAAP) was 34.5% versus 33.8% in the prior year.
Earnings per share: EPS grew 18% to $0.91, and comparable EPS (non-GAAP) grew 18% to $0.86.
North America: Unit case volume grew 4%, while operating income grew 20%.
For the full year, Coca-Cola now expects comparable earnings per share to grow by 8% to 9%, up from its previous estimate of 7% to 8%.
Henrique Braun, CEO of The Coca-Cola Company, told investors, “We’ve had a strong start to the year. Our performance this quarter reflects our unwavering focus on staying close to the consumer, executing locally and managing complexity. Yet there’s so much more we can do as we navigate a dynamic environment. Our team is motivated by the opportunity to build on the company’s great foundation.”
Coca-Cola shares rose more than 2% in premarket trading following the announcement.
By CEO NA Editorial Staff
