Coca-Cola Beats Third-Quarter Estimates and Raises Full-Year Guidance as Volume Grows 5%

Coca-Cola reported third-quarter net revenue of $13.4 billion, up 7%, with organic revenue also up 7% and unit case volume up 5%. Comparable earnings per share rose 11% to $0.91, and operating margin widened to 33.4% from 32.0%.

The company raised its 2026 outlook, now expecting organic revenue growth of at least 5% and comparable EPS growth of at least 11%, up from 9% to 10%. Free cash flow is now projected at no less than $13.0 billion, up from about $12.4 billion.

The report points to resilient consumer demand and pricing power in staples at a time when higher Treasury yields and elevated energy costs are weighing on other defensive sectors.