The Coca-Cola Company Announced Q1 2026 Earnings on April 28, 2026, Reporting "We grew organic revenues 10%."

For the first quarter, The Coca-Cola Company reported that they grew organic revenues 10%.

Unit case growth was 3%.

First quarter comparable EPS of $0.86 increased 18% year-over-year, and free cash flow for the quarter was approximately $1.8 billion.

Comparable gross margin declined approximately 30 basis points, stemming primarily from commodity pressures in tea and coffee businesses, phasing of inventory costs, and timing of trade spend.

Comparable operating margin increased approximately 70 basis points.

Management highlighted a focus on becoming more consumer-centric and leveraging digital capabilities to create enduring value.

The company extended its streak of gaining overall value share for the past 20 consecutive quarters and noted its system added more than 600,000 outlets in the past year.

Product highlights included the relaunch of Coca-Cola Zero-Zero in Europe to capture evening drinking occasions, a new global campaign for Sprite, and double-digit global volume growth for Fuze Tea.

Executives also affirmed that their long-standing partnership with McDonald's is intact, pointing to the performance of Sprite Berry Blast and Lunar splash craft beverage offerings.

The company stated it is well positioned to deliver on its updated 2026 guidance.

Management continues to expect organic revenue growth of 4% to 5%.

The company now expects comparable earnings per share growth of 8% to 9% versus $3 in 2025.

This was noted as an increase from the prior estimate of 7% to 8% due to a lower underlying effective tax rate for 2026, which is now expected to be 19.9%.