[The Coca-Cola Q3 2026 Earnings Call] Coca-Cola Raises Full-Year EPS Growth Guidance to 11% as Organic Revenue Climbs 7% and Volume Jumps 5%; Flags 8-Point Revenue Headwind from CCBA Refranchising in 2027

Coca-Cola (KO) reported Q3 earnings with net debt leverage at 1.3 times EBITDA. Revenue grew in North America, Latin America, and Asia Pacific, while Europe lost value share. The company raised 2026 targets, including organic revenue growth of at least 5% and EPS growth of at least 9%. Divestitures and refranchising are expected to impact 2026 and 2027 financials.

Coca-Cola (KO) reported Q3 2026 earnings, beating estimates with $0.91 adjusted EPS and $13.4B revenue. Revenue grew 7% organically, and guidance was raised. PepsiCo (PEP) also reported, with mixed results. The valuation gap between KO and PEP remains, with KO trading at a premium. Investors weigh fundamentals and momentum for both companies.

Coca-Cola reported Q3 volume growth of 5% and organic revenue growth of 7%, exceeding expectations. CEO Henrique Braun attributed success to pricing, marketing, and innovation strategies, including activations around the FIFA World Cup and America's 250th anniversary. The company aims to balance affordability and premiumization while navigating macroeconomic challenges. CFO John Murphy expects at least 5% organic revenue growth and 9% EPS growth in 2023, excluding acquisitions and divestitures.

Coca-Cola reported 7% organic revenue growth and 5% volume growth in Q3, with net revenues reaching $13.4B. The company is focusing on affordability initiatives and expects at least 5% organic revenue growth in 2026. CFO John Murphy noted manageable but elevated logistics and transportation costs. Coca-Cola is also investing in digital capabilities, including AI-powered retail tools.

Coca-Cola (KO) reported Q3 2026 earnings and revenue above estimates, with EPS at 91 cents (up 11% YoY) and revenue at $13.4B (up 7% YoY). Global volume grew 5%, driven by key markets. Organic revenue rose 7%, with pricing and concentrate sales contributing. Margins expanded, and costs increased. KO raised its 2026 outlook, now expecting at least 5% organic revenue growth and 11% EPS growth.

Coca-Cola reported a 7% increase in global revenue and 5% unit case volume growth in Q3, driven by strong international demand. North American volumes were flat, weighing on shares. Revenue was $13.4 billion, with adjusted EPS up 11% to $0.91. The company raised its adjusted earnings growth outlook to at least 11% and expects $13 billion in free cash flow for 2026.