Summary by Futu AI
Coca-Cola reported Q4 2025 net revenues grew 2% to $11.8 billion, with organic revenues up 5%. Operating income declined 32% to $1.84 billion, primarily due to a $960 million impairment charge related to BODYARMOR trademark. Diluted earnings per share increased 4% to $0.53, while comparable EPS grew 6% to $0.58.Global unit case volume grew 1% for the quarter, led by growth in Brazil, the United States and Japan. The company gained value share in total nonalcoholic ready-to-drink beverages across all operating segments. Operating margin was 15.6% versus 23.5% in the prior year, while comparable operating margin improved to 24.4% from 24.0%.For full year 2026, Coca-Cola expects organic revenue growth of 4-5% and comparable EPS growth of 7-8%. The company projects free cash flow of approximately $12.2 billion. The guidance assumes the pending sale of Coca-Cola Beverages Africa closes during the second half of 2026, subject to regulatory approvals.