Coca-Cola lifts profit forecast as global soda demand holds firm
Third-quarter revenue rose 7.4% to US$13.38 billion
Coca-Cola surprised investors by raising its annual profit forecast to at least 9% in 2026, up from the previous 7-8% range. The beverage giant attributes the upward revision to solid demand for its zero-sugar sodas and pricier products like Fairlife milk, which are seen as potential cost-saving measures amid higher input costs, especially in North America.
Coca-Cola's top-line growth continues to outpace rivals, as seen in a 7.4% increase in third-quarter revenue to $13.38 billion, surpassing estimates of $12.92 billion. The company's global unit case volumes climbed by about 5% in the October quarter, bolstered by strong performance in India, China, Mexico, and Brazil. However, the firm faces challenges in North America, where volumes remained flat.
While its shares experienced a slight dip in premarket trading, Coca-Cola's growth trajectory remains robust, with the stock up about 33% in 2026, positioning the company for another year of gains despite the broader economic uncertainties stemming from the Iran war.
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Also reported by 1 other outlet
- Coca-Cola raises profit forecast as premium drinks, sodas hold strong economictimes.indiatimes.com
