Coca-Cola shares rise after Q1 beat, raised outlook

Investing.com -- Coca-Cola raised its full-year earnings forecast and reported first-quarter results that topped Wall Street estimates.

Shares rose more than 2% in premarket trading Tuesday.

The soft drink giant earned $0.86 per share on an adjusted basis in the quarter, beating analyst expectations of $0.81. Revenue came in at $12.5 billion, above the consensus estimate of $12.27 billion.

Organic revenues grew 10% and global unit case volume rose 3%. Comparable operating margin widened to 34.5% from 33.8% a year earlier, while comparable currency-neutral operating income grew 12%.

“We’ve had a strong start to the year,” said CEO Henrique Braun in a statement. “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."

For 2026, the company now expects comparable currency-neutral EPS growth of 6% to 7%, up from prior guidance of 5% to 6%. Comparable EPS is projected to grow 8% to 9% versus $3.00 in 2025, compared to the previous range of 7% to 8%.

The updated EPS outlook includes an approximate 3% currency tailwind and a roughly 1% headwind from acquisitions and divestitures, the company said.

On revenues, Coca-Cola guided for organic growth of 4% to 5%, with a 1% to 2% currency tailwind on a comparable net revenue basis. The company flagged an approximate 4% headwind from acquisitions and divestitures, assuming the pending sale of Coca-Cola Beverages Africa closes in the second half of the year.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Alan Greenspan, influential former Federal Reserve chair, dies at 100
• Chevron, Microsoft strike 20-year deal to power massive AI data center