KO · 10-Q · 2026Q3 · Full report

Gross Margin Drivers

COCA COLA CO · 2026-07-29 · Importance 25 · Surprise 32

Second-quarter 2026 gross profit margin increased to 62.9% from 62.4% year over year. Six-month gross margin increased to 62.9% from 62.5%. Pricing initiatives, favorable foreign currency movements and the sale of finished product operations in Nigeria improved margin in both periods. Higher commodity costs partially offset those benefits.

Key facts

• Gross profit margin increased to 62.9% for the three months ended July 3, 2026, compared to 62.4% for the three months ended June 27, 2025.
• Gross profit margin increased to 62.9% for the six months ended July 3, 2026, compared to 62.5% for the six months ended June 27, 2025.
• The gross margin increases were primarily due to favorable pricing initiatives and foreign currency exchange rate fluctuations, and the sale of finished product operations in Nigeria, partially offset by higher commodity costs.