Coca-Cola Reports Strong Q1 2026 Results with Double-Digit Growth Across Key Metrics
KO sits 17% above its 52-week low of $65.354.
Summary
The Coca-Cola Company announced strong first-quarter 2026 financial results, featuring double-digit growth in net revenues, operating income, and EPS, alongside a significant improvement in cash flow from operations and updated full-year guidance.
Key Events · Earnings and Guidance · KO
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Strong Q1 2026 Financial Performance
Net revenues grew 12% to $12.5 billion, organic revenues increased 10%, operating income surged 19%, and EPS rose 18% to $0.91. Comparable EPS (non-GAAP) also grew 18% to $0.86.
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Significant Cash Flow Improvement
Cash flow from operations dramatically improved to $2.0 billion in Q1 2026, compared to a negative $5.2 billion in the prior-year period, with free cash flow reaching $1.8 billion.
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Updated Full-Year 2026 Guidance
The company updated its full-year guidance, expecting comparable EPS (non-GAAP) growth of 8% to 9% versus $3.00 in 2025, and reaffirmed organic revenue (non-GAAP) growth of 4% to 5%.
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Global Volume Growth
Global unit case volume grew 3%, driven by strong performance in key markets like China, the United States, and India, with Trademark Coca-Cola growing 2% and Coca-Cola Zero Sugar growing 13%.
Analysis · KO · Manufacturing
The Coca-Cola Company delivered robust first-quarter 2026 financial results, demonstrating strong operational performance with significant growth in revenues, operating income, and EPS. The positive shift in cash flow from operations, turning from a substantial negative in the prior year to a positive $2.0 billion, is a notable highlight. The company also provided updated full-year guidance, projecting continued comparable EPS growth, reinforcing its stable outlook. These results build on the robust performance seen in 2025, indicating sustained momentum for the beverage giant.
At the time of this filing, KO was trading at $76.56 on NYSE in the Manufacturing sector, with a market capitalization of approximately $324.7B. The 52-week trading range was $65.35 to $82.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.