Coca-Cola beats third-quarter profit estimates on Zero Sugar sales, raises outlook
Coca-Cola's third-quarter revenue rose 7% and adjusted EPS beat analyst estimates. The company raised its 2026 organic revenue and EPS growth guidance.
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what happened
According to Reuters, citing LSEG and company data, Coca-Cola's third-quarter revenue grew 7% year on year to $13.40 billion. Higher concentrate sales and shipment timing drove the increase, along with growth in sparkling drinks, especially Coca-Cola Zero Sugar.
Adjusted EPS came in at $0.91 against a consensus of $0.88 from 17 analysts, and the operating margin reached 33.40%. The company now expects organic revenue growth of at least 5% in 2026 and comparable EPS growth of at least 11%. It sees free cash flow of at least $13.0 billion for the year.
why it matters
The quarterly beat and higher guidance support interest in the large consumer staples name. Reuters reports that the median 12-month analyst price target is $97.00, about 4.6% above the October 26 close of $92.70. The shares trade at 27 times next-12-month earnings, versus a P/E of 24 three months ago.
market impact
KO: strong results and raised guidance support the Coca-Cola shares
- Coca-Cola shares pressure up — profit above expectations and a raised 2026 outlook
tags
instruments
sources
- Coca-Cola Q3 profit tops estimates on zero sugar drink sales; lifts outlook — Reuters, 27 October 2026 at 11:07 UTC
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