Coca-Cola Earnings: Strong Momentum Continues in Second Quarter, Boosted by World Cup

Coca-Cola's second-quarter organic revenue increased by 6%, driven by strong momentum from the World Cup, favorable weather, and broad-based volume gains. The company raised its 2026 organic revenue growth guidance to 5% and comparable EPS growth guidance to 9%-10%. While Morningstar expects to increase its fair value estimate for Coca-Cola, shares are still considered slightly overvalued after a significant year-to-date rise.