The Coca-Cola Company (KO) Q1 2026 Earnings Call Transcript

The Coca-Cola Company (KO) Q1 2026 Earnings Call April 28, 2026 8:30 AM EDT

Company Participants

Todd Beiger – VP & Head of Investor Relations
Henrique Braun – Chief Executive Officer
John Murphy – President & CFO

Conference Call Participants

Dara Mohsenian – Morgan Stanley, Research Division
Stephen Robert Powers – Deutsche Bank AG, Research Division
Lauren Lieberman – Barclays Bank PLC, Research Division
Christopher Carey – Wells Fargo Securities, LLC, Research Division
Robert Ottenstein – Evercore ISI Institutional Equities, Research Division
Bonnie Herzog – Goldman Sachs Group, Inc., Research Division
Andrea Teixeira – JPMorgan Chase & Co, Research Division
Filippo Falorni – Citigroup Inc., Research Division
Peter Galbo – BofA Securities, Research Division
Michael Lavery – Piper Sandler & Co., Research Division
Kaumil Gajrawala – Jefferies LLC, Research Division
Carlos Alberto Laboy – HSBC Global Investment Research
Robert Moskow – TD Cowen, Research Division

Presentation

Operator

At this time, I’d like to welcome everyone to The Coca-Cola Company’s First Quarter 2026 Earnings Results Conference Call. Today’s call is being recorded. If you have any objections, please disconnect at this time. [Operator Instructions] I’d like to remind everyone that the purpose of this conference is to talk with investors, and therefore, questions from the media will not be addressed. Media participants should contact Coca-Cola’s Media Relations department if they have any questions. I would now like to introduce Todd Beiger, Vice President and Head of Investor Relations. Mr. Beiger, you may now begin.

Todd Beiger
VP & Head of Investor Relations

Good morning, and thank you for joining us. I’m here with Henrique Braun, our Chief Executive Officer; and John Murphy, our President and Chief Financial Officer. We’ve posted schedules under Financial Information in the Investors section of our company website. These reconcile certain non-GAAP financial measures that may be referred to this morning to the results as reported under generally accepted accounting principles. You can also find schedules in

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