Coca-Cola (KO) Q4 2025 earningsnomadictrails

Coca-Cola on Tuesday reported mixed quarterly results, although demand for its drinks in North America and Latin America is beginning to show signs of improvement.

Looking ahead to 2026, the company is projecting organic revenue growth of 4% to 5% and comparable earnings per share growth of 7% to 8% for the full year.

Shares of the company fell more than 4% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Adjusted earnings per share: 58 cents vs. 56 cents expected
• Adjusted revenue: $11.82 billion vs. $12.03 billion expected

The beverage giant reported fiscal fourth-quarter net income attributable to shareholders of $2.27 billion, or 53 cents per share, up from $2.2 billion, or 51 cents per share, a year earlier.

Excluding transaction gains and other items, Coke earned 58 cents per share.

Net sales rose 2% to $11.82 billion. Organic revenue, which strips out acquisitions, divestitures and currency, increased 5% in the quarter.

Unit case volume rose 1% in the quarter, marking the second straight quarter of growth for the company. The metric excludes the impact of pricing and foreign currency to reflect demand. Like rival PepsiCo, Coke has seen demand for its drinks fall as budget-conscious shoppers try to save more on their grocery bills.

Coke’s volume in North America increased 1%, while it rose 2% in Latin America. Both are key markets for the company.