Coca-Cola tops earnings estimates, hikes full-year outlook as demand for drinks climbs
CNBC · C · trust 31/100
Livestream Menu Make It select USA INTL Livestream Search quotes, news & videos Livestream Watchlist SIGN IN Create free account Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu
Coca-Cola reported its quarterly earnings and revenue that topped Wall Street's estimates.
For the full year, Coke is now projecting comparable earnings per share growth of 9% to 10%, up from its prior forecast of 8% to 9%.
Despite economic uncertainty and volatility, the beverage giant has so far this year reported strong demand, thanks to high-income shoppers who are willing to pay more for premium products. Rival PepsiCo hasn't had the same luck; the Gatorade owner reported earlier this month that its North American beverage volume fell 4% in the second quarter.
On July 17, the company disclosed a ransomware attack that targeted Fairlife, its billion-dollar dairy brand known for its high-protein products. Coke temporarily suspended production, but the company said on Monday that it had resumed the majority of operations. The stoppage is not expected to have a material impact on Coke's financial conditions or operations, according to the company.
Shares of Coke have climbed more than 19% this year, outstripping the S&P 500's gains of 8%. Coke has a market cap of nearly $360 billion.
Got a confidential news tip? We want to hear from you.
Get this delivered to your inbox, and more info about our products and services.
© 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company.
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Read the original at CNBC →
Open in TruthVane →