The Coca-Cola Company (KO) Earnings Call Summary — Q1 FY26
Coca-Cola sells the world's best-known soft drinks plus water, juice, coffee and sports drinks.
The Coca-Cola Company (KO) reported Q1 FY26 results on April 28, 2026. Earnings per share came in at $0.86 against a $0.81 consensus, so the company beat on the bottom line. Revenue of $12.47B landed above the $12.24B estimate. KO has beaten consensus EPS in 6 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
President and Chief Financial Officer: “Concentrate sales were 5 points ahead of unit case sales as the impact of six additional days in the quarter was partially offset by the timing of concentrate shipments.”
Analyst: “And on the volume front, just wondering is consistent unit case growth reasonable in the balance of the year with Easter help in Q1, some potential Ramadan impact?”
Chief Executive Officer: “More importantly, growing volume across all operating units, gaining share and also topping the EPS growth as well gives us confidence that we are on the right track.”
Analyst: “And I guess, as I think about the system broadly, I'd expect some of the pressures that we're all thinking about to be building a bit more acutely on your bottling partners already.”
Chief Executive Officer: “We had volume growth that gives us confidence not only at the core but across all the options and innovations we bring in different package sizes, which played a big role.”