Coca-Cola (KO) Stock Rises as Q2 Earnings Beat and Full-Year Outlook Raised
TLDR
- Coca-Cola raised its 2026 organic revenue growth outlook to ~5%, up from a prior range of 4%–5%
- Comparable EPS guidance lifted to 9%–10% growth, from 8%–9% previously
- Q2 comparable EPS came in at $0.97, beating consensus estimates of $0.93
- Net revenue grew 7% to $13.4 billion in the quarter ended July 3
- World Cup marketing drove 5% volume growth for Coca-Cola brand and 8% for Powerade
Coca-Cola stock edged higher in premarket trading on Tuesday after the company beat Q2 earnings expectations and raised its full-year outlook.
Comparable EPS came in at $0.97 for the quarter ended July 3, up 7% year-over-year and ahead of Bloomberg consensus estimates of $0.93. Net revenue grew 7% to $13.4 billion.
The company now expects approximately 5% organic revenue growth for fiscal 2026, up from a prior range of 4% to 5%. Comparable EPS growth guidance was also lifted to 9%–10%, from 8%–9%.
KO stock has climbed around 20% so far this year.
COCA-COLA $KO Q2’26 EARNINGS HIGHLIGHTS
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
