EarningsQ2 2026 Earnings Report
MX:CCEPN Q2 2026 EPS Results
Actual EPS$43.60
Consensus EPS$43.68
Beat/MissMissed by -$0.08
One Year Ago EPS$40.04
MX:CCEPN Q2 2026 Revenue Results
Actual Revenue$216.80B
Expected Revenue$113.63B
Beat/MissBeat by +$103.17B
YoY Revenue Growth+11.48%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:CCEPN Upcoming Earnings
Coca-Cola Europacific Partners's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CCEPN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial performance: strong revenue and volume growth, margin expansion, share gains, significant category momentum (especially Zero and Energy), robust execution (cooler rollout, World Cup activation) and continued cash generation and shareholder returns. Headwinds are manageable but notable: revenue-per-case softness versus a strong prior-year comparable, mix shifts to larger formats in Europe, the APS Suntory exit (~1% revenue impact), and cost/commodity timing risk concentrated in H2 (Middle East effects). Management reaffirmed full-year guidance and emphasized productivity and AI-driven improvements as mitigants. On balance, the highlights outweigh the lowlights.Company Guidance
Strong Top-Line Growth
Revenue of EUR 10.7 billion, up 6.1% year-over-year (comparable and FX-neutral). Volumes grew 5.6% (2.2% on a days-adjusted basis); June was the company's biggest volume month ever.
Profitability and Cash Generation
Operating profit of EUR 1.5 billion, up 8.1%; operating margin expanded to 13.8%, up ~30 basis points. Diluted EPS EUR 2.20, up 10.6% (benefitting from buybacks). Free cash flow for H1 was EUR 435 million, slightly ahead of prior year, with comparable free cash flow guidance of at least EUR 1.7 billion for the full year reaffirmed.
Volume and Category Momentum
Broad-based volume growth across markets and categories: Zero Sugar volumes +10%, energy volumes +19% (Monster growing ~2x category rate), sports & hydration volumes +12%, and double-digit growth for Powerade in some markets.
Share Gains and Customer Wins
Value share grew by 20 basis points driven by Europe. Major customer and channel wins include Marriott International (600+ hotels), expanded Premiership coverage (80% of grounds), Domino's in Australia, and new listings like Smartwater and Fuze Tea in selected McDonald's markets.
Execution: Cooler Rollout and In-Market Activation
Added >80,000 coolers this year (a ~5% increase year-to-date, >10% vs last year), improving cold availability and instant consumption. World Cup 2026 activation produced 163 million on-pack promotions, 135 million team/player cans and drove >1.3 million FIFA items to shoppers.
Product and Geographic Innovation
Successful product innovations and pack strategies (Supercans, new Cherry variants, Zero extensions). Southeast Asia progress: Indonesia sparkling growing ahead of category and Philippines delivering double-digit Coke Zero volume growth; Philippines margins approaching the ~10% target and new plant construction on track.
Productivity, Cost Discipline and Technology
OpEx improved (~40 basis points) to 21.4% of revenue due to discretionary spend savings and productivity programs. Cost of sales per unit case rose only 0.6% (below the FY guidance of 1.5%). Investment in AI/analytics (KIRA) and shared services (1,500 colleagues) is accelerating decision-making and commercial execution.
Shareholder Returns
Around EUR 600 million of the EUR 1 billion buyback completed in the first half, supporting EPS growth and returns to shareholders alongside dividends.
MX:CCEPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed