Strategic Performance Drivers – Delivered strong first-half momentum by balancing volume growth and price/mix, achieving organic revenue growth at the high end of the long-term algorithm. – Leveraged the FIFA World Cup activation to drive record beverage incidence of over 80% at…
nues, utilizing integrated marketing to engage consumers across 180 markets. – Navigated an uneven global consumer environment by sharpening Revenue Growth Management (RGM) toolkits, balancing affordability for pressured consumers with premiumization for resilient segments. – Achieved broad-based volume growth across all operating units, supported by the relaunch of Mr. Pibb and continued expansion of Coca-Cola Zero Zero into evening consumption occasions. – Maintained a ‘constructively discontented’ culture, focusing on making the company’s $32 billion brands work harder through digital integration and consumer-centric innovation. – Demonstrated system agility by quickly restoring fairlife production operations following recent incidents, ensuring retail availability remained largely unimpacted
Outlook and Strategic Priorities – Raised 2026 guidance to the high end of prior ranges, now expecting approximately 5% organic revenue growth and 7% to 8% currency-neutral EPS growth. – Anticipate a 6-day calendar headwind in the fourth quarter, which management expects to be partially offset by continued underlying business momentum. – Expect concentrate shipments to slightly trail unit case volume for the full year due to timing differences, particularly in the third quarter. – Project structural margin benefits in the fourth quarter following the anticipated refranchising of Coca-Cola Beverage Africa (CCBA), subject to regulatory approvals. – Continue to prioritize digital transformation, aiming to leverage 25 million new first-party data points to personalize future marketing and improve execution precision. Structural and Risk Factors – The pending sale of Coca-Cola Beverage Africa is…