Coca-Cola bottles on sale at a store in Lovell, Florida, February 8, 2026.
Zack Bennett Bloomberg | Getty Images
coca cola reported quarterly profit and sales on Tuesday that beat analysts’ expectations, helped by strong demand for its beverages.
For the full year, Coca-Cola now expects comparable earnings per share to grow 8% to 9%, up from its previous forecast of 7% to 8%. It reiterated its previous forecast of organic revenue growth of 4-5%.
The company’s shares rose more than 2% in premarket trading.
Here’s how the company reported compared to Wall Street expectations, based on a survey of analysts by LSEG.
Earnings per share: Adjusted 86 cents, Forecast 81 cents Earnings: Adjusted $12.47 billion, Forecast $12.24 billion
Koch’s first-quarter net income attributable to shareholders was $3.92 billion, or 91 cents per share, up from $3.33 billion, or 77 cents per share, in the year-ago period.
Excluding impairment charges and other items, the beverage giant earned 86 cents per share.
The company’s adjusted net sales increased 12% to $12.47 billion. Coke’s organic revenue, which excludes acquisitions, divestitures and currency, increased 10% in the quarter.
The company’s unit case volume increased 3% worldwide. To more accurately reflect demand, this metric excludes pricing.
For the past several quarters, Coca-Cola executives have reported weak demand from budget-minded consumers. But luxury brands like Fairlife and SmartWater continue to do well in the current K-shaped economy, driven by higher-income shoppers who don’t feel the pinch as much as lower-income shoppers.
All of Coke’s business segments reported volume growth in the quarter, including the domestic market. The company’s North American sales volume increased 4%.
Across the portfolio, Cola’s water, sports, coffee and tea divisions reported the strongest growth globally. The segment saw a 5% increase in sales volumes due to increased demand for tea and bottled water.
The Sparkling Soft Drinks segment reported a 2% volume increase, driven by a 13% increase in Coca-Cola Zero Sugar.
A laggard in the portfolio this quarter was Cola’s juice, value-added dairy products and plant-based beverages segment, which reported a 1% volume decline. Growth at Fairlife and Mexican dairy brand Santa Clara was not enough to offset the sale of the company’s finished products business in Nigeria last year.
