KO · 10-Q · 2026Q4 · Full report
Revenue Performance and Mix
COCA COLA CO · 2026-10-28 · Importance 43 · Surprise 32 · In source text
For the three months ended October 2, 2026, net operating revenues increased 7% to $13,380 million from $12,455 million; for the nine months, they increased 9% to $39,232 million from $36,119 million. Worldwide concentrate sales volume rose 6% in both periods, while unit case volume increased 5% for the quarter and 4% for the nine months. Consolidated price/mix contributed 1% favorable impact in both periods, and foreign currency fluctuations contributed 1% favorable impact for the quarter and 2% for the nine months. Revenue growth included favorable pricing in EMEA, Latin America, North America and Bottling Investments, while Asia Pacific had unfavorable mix; the Nigeria finished-product sale reduced EMEA volume comparisons.
Key facts
- Net operating revenues for the three months ended October 2, 2026 were $13,380 million, up $925 million or 7% from $12,455 million. source
- For the nine months ended October 2, 2026, net operating revenues were $39,232 million, up $3,113 million or 9% from $36,119 million. source
- The Company refranchised bottling operations in certain territories in India in May 2025; the impact was included as a structural change for the nine months ended October 2, 2026, on a consolidated basis and for Bottling Investments and Asia Pacific. source
- The Company sold its finished product operations in Nigeria in October 2025; the sale was included as a divestiture in consolidated and EMEA net operating revenue analysis for the three and nine months ended October 2, 2026. source
- For full-year 2026, the Company expects worldwide concentrate sales volume growth to be slightly behind unit case volume growth. source
- After considering divestiture activities, worldwide concentrate sales volume for the three months ended October 2, 2026 increased 7%. source
- Worldwide concentrate sales volume increased 6% and unit case volume increased 5% for the three months ended October 2, 2026, compared with the prior-year quarter. source
- Worldwide concentrate sales volume increased 6% and unit case volume increased 4% for the nine months ended October 2, 2026, compared with the prior-year period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +23.3% | For the nine months ended October 2, 2026, net operating revenues were $39,232 million, up $3,113 million or 9% from $36,119 million. |
| revenue | positive | realized | +6.9% | Net operating revenues for the three months ended October 2, 2026 were $13,380 million, up $925 million or 7% from $12,455 million. |