The Coca-Cola Company (KO) reported first-quarter 2026 results that exceeded Wall Street expectations. Net revenues reached $12.5 billion. This figure represents a 12% year-over-year increase. This performance surpassed analyst forecasts of $12.3 billion. Adjusted earnings per share hit $0.86. Earnings grew 18% compared to the previous year. The result beat the consensus estimate of $0.81 per share.
Organic revenues grew by 10% during the quarter. Concentrate sales increased by 8%. Price and product mix improvements contributed a 2% gain. Unit case volume expanded across every geographical segment. Coca-Cola shares rose approximately 2% in premarket trading following the report.
Coca-Cola raised its full-year guidance reflecting confidence in its performance. The company now projects annual comparable earnings per share growth of 8% to 9%. This update increases the previous forecast of 7% to 8% growth. Management issued the optimistic outlook despite a dynamic macroeconomic environment.