Coca-Cola is guiding to about 5% organic revenue growth for 2026, with comparable currency-neutral EPS growth of 7%-8% excluding acquisitions and divestitures and comparable EPS projected to rise 9%-10%. In the second quarter, organic revenues rose 6% and unit case volume advanced 5%, while comparable gross and operating margins expanded about 120 and 90 basis points, respectively; management noted that on a two-year basis volume growth was 2%. The company expects volume and price/mix to remain more in tandem through 2026, using packaging and price-point architecture in North America to address pressured lower-income consumers while treating India and China as longer-term investment opportunities. Longer term, management continues to target organic revenue growth of 4%-6%, with an ambition to perform toward the upper end of that range on a sustained basis, though comparisons become tougher in the second half and the fourth quarter includes six fewer days year over year. Coca-Cola shares have risen 3.3% in the past three months against the industry's decline of 3.8%, and the stock trades at a forward price-to-earnings ratio of 24.69X versus the industry's 18.49X. The Zacks Consensus Estimate for Coca-Cola's 2026 and 2027 earnings implies year-over-year growth of 9.7% and 7.1%, respectively, with estimates for both years stable over the past seven days.
The Coca-Cola CompanyCoca-Cola guides to ~5% organic revenue growth for 2026 with 7%-8% currency-neutral EPS growth and expanding margins.
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