KO · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
COCA COLA CO · 2026-07-29 · Importance 43 · Surprise 32 · In source text
Second-quarter 2026 net operating revenues increased 7% year over year to $13,380 million from $12,535 million, while six-month revenue increased 9% to $25,852 million from $23,664 million. Worldwide concentrate sales volume increased 4% in the quarter and 6% year to date, while unit case volume increased 5% and 4%, respectively. Consolidated price/mix contributed a favorable 2% in both periods, and foreign currency fluctuations contributed a favorable 2% to revenue, primarily from the weaker U.S. dollar against the Mexican peso, Brazilian real, euro and South African rand. Asia Pacific concentrate sales volume increased 11% in both periods, while EMEA, Latin America and North America delivered quarterly unit case volume growth of 4%, 3% and 3%, respectively.
Key facts
- During the three months ended July 3, 2026, net operating revenues were $13,380 million, compared to $12,535 million during the three months ended June 27, 2025, an increase of $845 million, or 7%.
- During the six months ended July 3, 2026, net operating revenues were $25,852 million, compared to $23,664 million during the six months ended June 27, 2025, an increase of $2,188 million, or 9%.
- After considering the impact of structural changes, concentrate sales volume for Asia Pacific for both the three and six months ended July 3, 2026 increased 11%.
- After considering the impact of structural changes, unit case volume for Bottling Investments for the three months ended July 3, 2026 increased 8%.
- After considering the impact of structural changes, unit case volume for Bottling Investments for the six months ended July 3, 2026 increased 6%.
- Unit case volume worldwide increased 5% during the three months ended July 3, 2026 compared to the three months ended June 27, 2025.
- Concentrate sales volume worldwide increased 4% during the three months ended July 3, 2026 compared to the three months ended June 27, 2025.
- During the six months ended July 3, 2026, worldwide concentrate sales volume increased 6% compared to the six months ended June 27, 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +8.3% | During the six months ended July 3, 2026, net operating revenues were $25,852 million, compared to $23,664 million during the six months… |
| revenue | positive | realized | +3.2% | During the three months ended July 3, 2026, net operating revenues were $13,380 million, compared to $12,535 million during the three… |