The Coca-Cola Company: FIFA World Cup '4Is' execution, data collection, and measurable incidence outcomes

The Coca-Cola Company 2026 Q2: Financial Performance summary

• Comparable gross margin increased approximately 120 basis points and comparable operating margin increased approximately 90 basis points, driven by underlying expansion and currency tailwinds.
• Fairlife: majority of production operations resumed at four U.S. facilities and retail availability was largely unimpacted; company said no impact to Q2 results.
• Free cash flow was approximately $6.9 billion, higher than the prior year, supporting increased capital allocation flexibility.
• Margin expansion continued while investing behind brands and executing revenue growth management (RGM) strategies.
• On a 2-year average basis, volume grew 2%, described as more balanced contribution to top-line growth.
• Second-quarter comparable EPS was $0.97, up 11%, including a 2-point benefit from currency tailwinds.
• Second-quarter organic revenue grew 6% and unit case volume grew 5%, helped by favorable weather, strong FIFA World Cup activation, and an easier prior-year comparison.