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The Coca-cola Company Earnings Calls
| Release date | Apr 28, 2026 |
| EPS estimate | 0.703€ |
| EPS actual | 0.744€ |
| EPS Surprise | 5.83% |
| Revenue estimate | 10.591B |
| Revenue actual | 10.794B |
| Revenue Surprise | 1.92% |
| Release date | Feb 10, 2026 |
| EPS estimate | 0.481€ |
| EPS actual | 0.494€ |
| EPS Surprise | 2.73% |
| Revenue estimate | 10.259B |
| Revenue actual | 10.047B |
| Revenue Surprise | -2.07% |
| Release date | Oct 21, 2025 |
| EPS estimate | 0.664€ |
| EPS actual | 0.731€ |
| EPS Surprise | 10.09% |
| Revenue estimate | 12.035B |
| Revenue actual | 10.62B |
| Revenue Surprise | -11.76% |
| Release date | Jul 22, 2025 |
| EPS estimate | 0.708€ |
| EPS actual | 0.750€ |
| EPS Surprise | 5.93% |
| Revenue estimate | 12.506B |
| Revenue actual | 10.647B |
| Revenue Surprise | -14.86% |
Last 4 Quarters for The Coca-cola Company
Below you can see how CCC3.DE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 22, 2025 |
| Price on release | 59.23€ |
| EPS estimate | 0.708€ |
| EPS actual | 0.750€ |
| EPS surprise | 5.93% |
| Date | Price |
|---|---|
| Jul 16, 2025 | 59.09€ |
| Jul 17, 2025 | 60.28€ |
| Jul 18, 2025 | 60.36€ |
| Jul 21, 2025 | 59.84€ |
| Jul 22, 2025 | 59.23€ |
| Jul 23, 2025 | 58.61€ |
| Jul 24, 2025 | 59.08€ |
| Jul 25, 2025 | 58.65€ |
| Jul 28, 2025 | 59.11€ |
| 4 days before | 0.237% |
| 4 days after | -0.203% |
| On release day | -1.05% |
| Change in period | 0.0338% |
| Release date | Oct 21, 2025 |
| Price on release | 60.88€ |
| EPS estimate | 0.664€ |
| EPS actual | 0.731€ |
| EPS surprise | 10.09% |
| Date | Price |
|---|---|
| Oct 15, 2025 | 57.81€ |
| Oct 16, 2025 | 58.40€ |
| Oct 17, 2025 | 58.46€ |
| Oct 20, 2025 | 58.61€ |
| Oct 21, 2025 | 60.88€ |
| Oct 22, 2025 | 61.57€ |
| Oct 23, 2025 | 60.29€ |
| Oct 24, 2025 | 60.09€ |
| Oct 27, 2025 | 59.70€ |
| 4 days before | 5.31% |
| 4 days after | -1.94% |
| On release day | 1.13% |
| Change in period | 3.27% |
| Release date | Feb 10, 2026 |
| Price on release | 64.18€ |
| EPS estimate | 0.481€ |
| EPS actual | 0.494€ |
| EPS surprise | 2.73% |
| Date | Price |
|---|---|
| Feb 04, 2026 | 65.97€ |
| Feb 05, 2026 | 66.10€ |
| Feb 06, 2026 | 66.49€ |
| Feb 09, 2026 | 65.43€ |
| Feb 10, 2026 | 64.18€ |
| Feb 11, 2026 | 66.31€ |
| Feb 12, 2026 | 67.60€ |
| Feb 13, 2026 | 66.59€ |
| Feb 16, 2026 | 66.32€ |
| 4 days before | -2.71% |
| 4 days after | 3.33% |
| On release day | 3.32% |
| Change in period | 0.531% |
| Release date | Apr 28, 2026 |
| Price on release | 68.27€ |
| EPS estimate | 0.703€ |
| EPS actual | 0.744€ |
| EPS surprise | 5.83% |
| Date | Price |
|---|---|
| Apr 22, 2026 | 64.00€ |
| Apr 23, 2026 | 65.15€ |
| Apr 24, 2026 | 65.51€ |
| Apr 27, 2026 | 64.76€ |
| Apr 28, 2026 | 68.27€ |
| Apr 29, 2026 | 67.23€ |
| Apr 30, 2026 | 66.90€ |
| May 04, 2026 | 67.19€ |
| May 05, 2026 | 67.00€ |
| 4 days before | 6.67% |
| 4 days after | -1.86% |
| On release day | -1.52% |
| Change in period | 4.69% |
The Coca-cola Company Earnings Call Transcript Summary of Q1 2026
Key investor takeaways:
- Strong Q1 execution: Organic revenue growth of 10%, unit case (volume) growth of 3%, and comparable EPS of $0.86, up 18% year-over-year. Free cash flow was about $1.8 billion. Comparable operating margin expanded ~70 basis points while comparable gross margin declined ~30 basis points (notably impacted by commodities and inventory phasing in APAC).
- Market and brand performance: The company gained overall value share for the 20th consecutive quarter and grew volume across all operating segments and major brands. Innovation, marketing activations (e.g., World Cup), and digital/connected packaging are highlighted drivers. APAC, China and India showed volume growth but APAC profitability faced short-term headwinds (commodity and inventory timing).
- Balance sheet and capital allocation: Net debt leverage is 1.6x EBITDA (below the 2.0–2.5x target range). Management is managing the balance sheet conservatively while awaiting an IRS-related court decision and prioritizing reinvestment plus shareholder returns.
- 2026 guidance and outlook: Company reiterates it is on track for updated 2026 guidance: organic revenue growth of 4%–5%; comparable currency-neutral EPS growth (ex-acquisitions/divestitures) now expected at 6%–7%, and overall comparable EPS growth now guided to 8%–9% (versus $3 in 2025), reflecting a lower effective tax rate. Currency is expected to be a modest tailwind. Assumes CCBA divestiture closes in H2 2026 (approx. 4-point revenue headwind, ~1-point EPS headwind).
- Key risks and puts/takes: Commodity volatility (tea, coffee, packaging such as aluminum and PET) and geopolitical uncertainty (Middle East conflict impacts Eurasia/Middle East) could change the outlook. There are timing/calendar effects (extra days in Q1 and fewer days in Q4) and concentrate shipment timing that influence near-term comparisons.
- Strategy/operating emphasis: Management emphasizes a consumer-centric approach (the “4 I’s”: insight, innovation, intimacy, integrated execution), sharper revenue management for affordability, stronger execution with bottlers, expanded outlet coverage, and increased digital capabilities to drive long-term, balanced growth (volume + price/mix).
