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Economy

Coca-Cola Raises Full-Year Outlook After Third-Quarter Profit Rises to $4.06 Billion

Coca-Cola reported third-quarter revenue of $13.38 billion, up 7 percent from a year earlier, and raised its full-year outlook as higher volumes and prices lifted results.

By admin Oct. 27, 2026 · 11:41 AM ET 2 min read

A chilled glass bottle of dark cola with condensation, with a plain red label, standing on a wooden table

Coca-Cola reported a third-quarter profit of $4.06 billion on Tuesday, up from $3.68 billion a year earlier, and raised its forecast for the full year after higher volumes and prices lifted results.

Revenue rose 7 percent to $13.38 billion, above analyst estimates of $12.92 billion, according to Dow Jones. Adjusted earnings per share were 91 cents, compared with estimates of 88 cents, according to FactSet. Global unit case volume rose 5 percent, and organic revenue grew 7 percent.

A hand reaching for a chilled bottle of dark cola from a refrigerated display case filled with red-labeled bottles
A hand reaching for a chilled bottle of dark cola from a refrigerated display case filled with red-labeled bottles

Where the growth came from

Trademark Coca-Cola volume grew 5 percent, Coca-Cola Zero Sugar grew 16 percent and Diet Coke grew 6 percent, the company said. Volume was flat in North America, rose 6 percent in Latin America and Asia Pacific, and rose 5 percent in Europe, the Middle East and Africa.

Operating income grew 12 percent, and the company said cash flow from operations for the year to date reached $12.5 billion, with free cash flow of $11.4 billion.

Shrink-wrapped pallets of bottled soft drinks stacked in a warehouse, with a forklift in the background
Shrink-wrapped pallets of bottled soft drinks stacked in a warehouse, with a forklift in the background

A higher bar for the full year

For the full year, Coca-Cola now projects comparable earnings-per-share growth of at least 11 percent, up from a prior outlook of 9 percent to 10 percent. It now expects organic revenue growth of at least 5 percent, compared with a previous view of about 5 percent.

“Our results this quarter demonstrate our system’s sustained momentum, giving us confidence in our updated full year guidance,” Chief Executive Henrique Braun said.

The company also recently struck a deal to provide beverages to thousands of KFC’s U.S. restaurants starting in January, a switch from longtime supplier PepsiCo, according to Dow Jones. Readers can read more in our earlier report on KFC replacing Pepsi with Coca-Cola at nearly 3,700 U.S. restaurants.

A soda fountain machine filling a clear plastic cup with a dark fizzy drink at a restaurant counter
A soda fountain machine filling a clear plastic cup with a dark fizzy drink at a restaurant counter

Reporting based on coverage by Dow Jones/Morningstar and Business Wire.

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