Coca-Cola tops earnings estimates, hikes full-year outlook as demand for drinks climbs

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2026. Brendan McDermid | ReutersCoca-Cola on Tuesday reported quarterly earnings and revenue that topped Wall Street's estimates, fueled by higher demand for its drinks.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%.Shares of Coke rose more than 2% in premarket trading.Here's what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:Adjusted earnings per share: 97 cents, vs. expected 93 centsRevenue: $13.38 billion, vs. $13.16 billion expected 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.Excluding asset impairments, restructuring costs and other items, the company earned 97 cents per share.Net sales rose 7% to $13.38 billion.