Coca-Cola reported mixed quarterly results, with early signs of improving demand in North and Latin America, but investors focused on cautious guidance.
For 2026, the company forecasts organic revenue growth of 4%–5% and comparable earnings per share growth of 7%–8%.
Shares fell more than 4% in premarket trading, reflecting concerns that growth may remain restrained amid consumer spending pressures.
Adjusted earnings reached 58 cents per share, beating expectations of 56 cents, while revenue of $11.82 billion missed forecasts.
Net income attributable to shareholders rose to $2.27 billion, or 53 cents per share, up from $2.2 billion a year earlier.
Organic revenue increased 5%, and unit case volume grew 1%, marking a second consecutive quarter of volume expansion.
Volumes rose 1% in North America and 2% in Latin America, key regions, even as rivals like PepsiCo face similar demand headwinds.
