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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $11.54B | +6.4% | $0.51 | +10.9% | 60.0% | 23.5% | 19.0% | $3.15B |
| FY2025 Q1 | $11.13B | -1.5% | $0.77 | +4.1% | 62.6% | 32.9% | 29.9% | $-5.51B |
| FY2025 Q2 | $12.54B | +1.4% | $0.88 | +57.1% | 62.4% | 34.1% | 30.4% | $3.37B |
| FY2025 Q3 | $12.46B | +5.1% | $0.86 | +30.3% | 61.5% | 32.0% | 29.7% | $4.56B |
| FY2025 Q4 | $11.82B | +2.4% | $0.53 | +3.9% | 60.0% | 15.6% | 19.2% | $2.87B |
| FY2026 Q1 | $12.47B | +12.1% | $0.91 | +18.2% | 63.0% | 35.0% | 31.5% | $1.75B |
| FY2026 Q2 | $13.38B | +6.7% | $1.03 | +17.0% | 62.9% | 34.9% | 33.1% | $5.10B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Coca-Cola delivered a strong Q1 2026 with comparable EPS of $0.86, up 18% year-over-year, as organic revenue grew 10% with global volume momentum of 3% unit case growth across all segments. Comparable EPS guidance was raised from 7-8% to 8-9% growth on the $3.00 base, reflecting the strong start to the year. Innovation pipeline drove consumer recruitment, and balanced top-line growth came from both pricing and volume. Middle East conflict disrupted Eurasia volumes, and FIFA World Cup and digital activation were scaling. APAC margin compression from inventory phasing was a temporary headwind.
Demand | Geographic Expansion | Competitive Dynamics | Margin | Capital Allocation | Pricing | Macroeconomic | Product Launch | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 2 | 1 | 2 | 4 | 2 | 1 |
| 2025Q1 | 8 | 4 | 3 | 4 | 2 | 2 | 2 | |
| 2025Q2 | 6 | 2 | 4 | 3 | 1 | 1 | 2 | 3 |
| 2025Q3 | 7 | 4 | 3 | 2 | 2 | 3 | 3 | 2 |
| 2025Q4 | 4 | 3 | 3 | 5 | 1 | 1 | 1 | |
| 2026Q1 | 5 | 1 | 5 | 2 | 1 | 3 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 8 | 6 | 7 | 4 | 5 |
| Geographic Expansion | 3 | 4 | 2 | 4 | 3 | 1 |
| Competitive Dynamics | 2 | 3 | 4 | 3 | 5 | |
| Margin | 1 | 4 | 3 | 2 | 3 | 2 |
| Capital Allocation | 2 | 2 | 1 | 2 | 5 | 1 |
| Pricing | 4 | 1 | 3 | 1 | 3 | |
| Macroeconomic | 2 | 2 | 2 | 3 | 1 | 1 |
| Product Launch | 1 | 2 | 3 | 2 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Lauren Lieberman | Barclays | 7 (0%) |
| Dara Mohsenian | Morgan Stanley | 7 (14%) |
| Steve Powers | Deutsche Bank | 7 (14%) |
| Filippo Falorni | Citigroup | 7 (0%) |
| Kaumil Gajrawala | Jefferies | 7 (29%) |
| Rob Ottenstein | Evercore ISI | 7 (0%) |
| Chris Carey | Wells Fargo | 7 (14%) |
| Andrea Teixeira | JPMorgan | 7 (0%) |
| Peter Grom | UBS | 6 (0%) |
| Bonnie Herzog | Goldman Sachs | 6 (17%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 1 | 7 (29%) |
| JPMorgan | 1 | 7 (0%) |
| Barclays | 1 | 7 (0%) |
| Deutsche Bank | 1 |
| 7 (14%) |
| Evercore ISI | 1 | 7 (0%) |
| Bank of America | 2 | 7 (0%) |
| Citigroup | 1 | 7 (0%) |
| Morgan Stanley | 1 | 7 (14%) |
What KO and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“our solid partnership with the Coca-Cola Company and its global bottling partners.”
Monster cites its ongoing distribution partnership with the Coca-Cola Company and its bottlers as a core support for the business, a positive read-through on the Coca-Cola system's Monster relationship.
“this emergence of what seems like an entirely new channel with the Dutch Bros and brews of the world”
An analyst points to Dutch Bros and similar craft-beverage chains as an emerging away-from-home channel, asking how Coca-Cola is evolving its foodservice strategy to participate.
“the news of them using red bulls, I think, surprising to many of us outsiders given the depth of your relationship over such a long period of time.”
An analyst flags McDonald's adopting Red Bull as a surprising competitive development given Coca-Cola's deep McDonald's relationship.
“We have a fantastic and very long-standing partnership with McDonald's, and that's intact, right?”
Coca-Cola reaffirms its long-standing foodservice partnership with McDonald's as intact despite news of McDonald's adding Red Bull.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
KO The Coca-Cola Company | 9 | +12.1% | |
| KDP Keurig Dr Pepper | 6 | +9.4% | |
| MNST Monster Beverage | 8 | +26.9% | |
| PEP PepsiCo | 8 | +8.5% |