KO · 10-Q · 2026Q4 · Full report

Geographic Market Commentary

COCA COLA CO · 2026-10-28 · Importance 31 · Surprise 32

Third-quarter unit case volume increased 5% in EMEA, 6% in Latin America and Asia Pacific, and was even in North America; Bottling Investments volume rose 8%, primarily on growth in India and Africa. EMEA growth included strength in Trademark Coca-Cola and water, sports, coffee and tea, while juice, value-added dairy and plant-based beverages declined 8%, partly reflecting the Nigeria finished-product operations sale. Latin America growth was broad-based, including 26% growth in Peru and 17% in Colombia; Asia Pacific grew 17% in India and Southwest Asia, while Japan and South Korea declined 5%. For the first nine months, volume rose 3% in EMEA, 3% in Latin America, 2% in North America and 7% in Asia Pacific; Argentina declined 4%, while Peru and Colombia grew 16% and 15%, respectively.

Key facts

• For the three months ended October 2, 2026, Latin America unit case volume increased 6%; Mexico grew 3%, Brazil 6%, Peru 26%, and Colombia 17%. source
• For the three months ended October 2, 2026, EMEA unit case volume increased 5%: Trademark Coca-Cola grew 6%, water, sports, coffee and tea 5%, sparkling flavors 3%, and juice, value-added dairy and plant-based beverages declined 8%. source
• For the three months ended October 2, 2026, EMEA unit case volume increased 8% in Eurasia and Middle East, 7% in Africa, and 2% in Europe. source
• For the three months ended October 2, 2026, Asia Pacific unit case volume increased 6%; India and Southwest Asia grew 17%, Greater China and Mongolia 6%, ASEAN and South Pacific 6%, while Japan and South Korea declined 5%. source
• For the three months ended October 2, 2026, Bottling Investments unit case volume increased 8%, primarily driven by growth in India and Africa. source
• For the nine months ended October 2, 2026, Asia Pacific unit case volume increased 7%; India and Southwest Asia grew 11%, Greater China and Mongolia 7%, ASEAN and South Pacific 6%, and Japan and South Korea was even. source
• For the three months ended October 2, 2026, North America unit case volume was even; Trademark Coca-Cola grew 2%, while water, sports, coffee and tea declined 4% and sparkling flavors declined 2%. source
• For the nine months ended October 2, 2026, EMEA unit case volume increased 3%; Trademark Coca-Cola grew 3%, water, sports, coffee and tea 5%, sparkling flavors 2%, and juice, value-added dairy and plant-based beverages declined 11%. source