More from KO Q2 2026

The Coca-Cola Company

KO2026 Q2Consumer

1mo

FIFA World Cup '4Is' execution, data collection, and measurable incidence outcomes

Management described FIFA World Cup as a showcase of 'insights, innovation, intimacy, and integration' applied across the Coca-Cola system.
They reported global execution across 180+ markets and 20M+ retail outlets to connect consumers to venue experiences.
Coca-Cola cited average incidence over 80% at venues across 16 host cities, described as a record for the World Cup.
They said they collected more than 25 million first-party data points and generated more than 9 billion views via digital/social activations.
The activation was tied to Trademark Coca-Cola volume growth of 5% and Powerade volume growth of 8% globally in the quarter.

The Coca-Cola Company

KO2026 Q2Consumer

1mo

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.

The Coca-Cola Company

KO2026 Q2Consumer

1mo

The priority right now is to continue to have the main SKUs, the main offerings on shelf—because the demand is still there and the innovation will come as we have even more flexibility down the line.

Dara Mohsenian

Context

Fairlife-focused response addressed what the capacity ramp-up enables near term. Dara Mohsenian confirmed production operations are back across lines and plants, with no impact on consumer service during the incident period. She said the plan remains on track for the rest of the year and that retail availability was largely unimpacted in Q2. She then explained the near-term commercial focus on availability of key SKUs before expanding innovation.

More from KO Q2 2026

The Coca-Cola Company

KO2026 Q2Consumer

1mo

FIFA World Cup '4Is' execution, data collection, and measurable incidence outcomes

Management described FIFA World Cup as a showcase of 'insights, innovation, intimacy, and integration' applied across the Coca-Cola system.
They reported global execution across 180+ markets and 20M+ retail outlets to connect consumers to venue experiences.
Coca-Cola cited average incidence over 80% at venues across 16 host cities, described as a record for the World Cup.
They said they collected more than 25 million first-party data points and generated more than 9 billion views via digital/social activations.
The activation was tied to Trademark Coca-Cola volume growth of 5% and Powerade volume growth of 8% globally in the quarter.

The Coca-Cola Company

KO2026 Q2Consumer

1mo

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.

The Coca-Cola Company

KO2026 Q2Consumer

1mo

Dara Mohsenian

Context

The Coca-Cola Company: Trademark Coca-Cola volume hit strongest growth in 17 years (ex-COVID recovery)

More from KO Q2 2026

The Coca-Cola Company 2026 Q2: FIFA World Cup '4Is' execution, data collection, and measurable incidence outcomes

The Coca-Cola Company 2026 Q2: Financial Performance summary

More from KO Q2 2026

More from KO Q2 2026

The Coca-Cola Company 2026 Q2: FIFA World Cup '4Is' execution, data collection, and measurable incidence outcomes

The Coca-Cola Company 2026 Q2: Financial Performance summary