The Coca-Cola Company · KO · Next earnings

The Coca-Cola Company reports Tuesday, Oct 20, 2026

KO reports before market open with consensus EPS at $0.87 and revenue at $12.89B. Last quarter: Coca-Cola Q1 2026: Double-Digit EPS Growth and Raised Guidance Top Estimates

Reports Before market open30 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.87 Calendar consensus
Consensus revenue $12.89B Calendar consensus
Report date Oct 20, 2026 Tuesday, date estimated
Session Before market open 30 days away

Where KO left off: FY2026 Q1

Full report

Coca-Cola Q1 2026: Double-Digit EPS Growth and Raised Guidance Top Estimates

EPS surprise +5.9% Reported $0.86 vs $0.81
Revenue surprise +1.9% Reported $12.47B vs $12.24B
Stock move +3.9% Event window
Subsequent drift +4.2% Up to 20 sessions

Prior quarter (Q4 2025): 2026 guidance maintained at 4-5% organic revenue growth and 7-8% EPS growth. Current quarter (Q1 2026): Guidance raised to 4-5% organic revenue growth and 8-9% EPS growth. The revenue range was held; the EPS growth range was lifted by approximately 100 basis points at both ends, reflecting stronger-than-expected first-quarter execution and confidence in the full-year outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Persistently high inflation and macroeconomic uncertainty affecting consumer spending
  • Geopolitical tensions, notably the Middle East conflict, impacting certain markets
  • Commodity price volatility in tea and coffee pressuring gross margins
  • Regulatory approval risk for the pending Africa divestiture
  • Currency volatility and its impact on reported earnings

Questions analysts left open

  • Balance between volume growth and price-mix sustainability, especially in North America and Asia
  • Margin compression in APAC due to inventory and commodity pressures
  • Impact of the pending Coca-Cola Beverages Africa sale on net revenues and EPS
  • Potential cost pressures on bottling partners from aluminum and PET price increases
  • Effectiveness of affordability initiatives on long-term pricing power

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Recent KO quarters

All KO earnings
+3.9%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.