KO · Earnings call · 2026Q3T · Full report
FX / Currency Headwinds
COCA COLA CO · 2026-10-27 · Importance 26 · Surprise 24 · In source text
Based on then-current rates and hedge positions, management expected approximately a 1-point currency tailwind to comparable net revenues and a three-point tailwind to comparable EPS for full-year 2026. For 2027, the company’s preliminary view was a slight headwind to both comparable net revenues and comparable EPS, but that estimate did not include currency movements over the preceding 24 to 48 hours. The CFO specifically noted that the Brazilian real’s recent movement was not reflected and said the company would continue monitoring rates and could update its view if movements warranted.
Key facts
- Based on current rates and hedge positions, COCA COLA CO expects a slight currency headwind to comparable net revenues and EPS for full-year 2027.
- COCA COLA CO said its 2027 slight FX-headwind estimate did not reflect BRL movement over the prior day or two and would monitor developments for a possible update.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | probable | — | Based on current rates and hedge positions, COCA COLA CO expects a slight currency headwind to comparable net revenues and EPS for… |
| net_income | negative | probable | — | Based on current rates and hedge positions, COCA COLA CO expects a slight currency headwind to comparable net revenues and EPS for… |