A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2026. <\/p>\n
Brendan McDermid | Reuters<\/p>\n
Coca-Cola<\/a> on Tuesday reported quarterly earnings and revenue that topped Wall Street’s estimates, fueled by higher demand for its drinks.<\/p>\n The company also hiked its full-year forecast. Coke is now projecting comparable earnings per share growth of 9% to 10%, up from its prior forecast of 8% to 9%. It also expects organic revenue to increase about 5%, on the high end of its earlier range of 4% to 5%.<\/p>\n Shares of Coke rose more than 2% in premarket trading.<\/p>\n Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:<\/p>\n Coke reported second-quarter net income of $4.43 billion, or $1.03 per share, up from $3.81 billion, or 89 cents per share, a year earlier.<\/p>\n Excluding asset impairments, restructuring costs and other items, the company earned 97 cents per share.<\/p>\n Net sales\u00a0rose\u00a07% to $13.38 billion. Coke’s organic revenue, which excludes acquisitions, divestitures and currency fluctuations, jumped 6% in the quarter.<\/p>\n The company’s global unit case volume increased 5%, and every one of its reporting segments saw volume growth. The metric strips out pricing to reflect demand more accurately.<\/p>\n The consumer environment is “dynamic,” CEO Henrique Braun said in a statement. The comment followed rival PepsiCo<\/a> saying that shoppers’ budgets tightened in the second quarter, leading to weaker sales<\/a> in the U.S. for its snacks and drinks. <\/p>\n Global oil prices have swung dramatically due to the U.S. war with Iran, leading many consumers to temper their spending. In Coke’s home market, the national average\u00a0gas price hit<\/a>\u00a0a four-year high of $4.56 per gallon in late May.<\/p>\n\n