Coca-Cola Q1 2026 Earnings Results: Braun's First Report — EPS Beat, Revenue Miss, and the Defensive Trade

# Coca-Cola Q1 2026 Earnings Results: Braun's First Report — EPS Beat, Revenue Miss, and the Defensive Trade

> **Quick answer:** Coca-Cola reported Q1 2026 earnings on April 28, beating EPS estimates ($0.58 actual vs $0.565 expected, +2.7%) while missing on revenue ($11.82 billion vs $12.05 billion expected, -1.9%). New CEO Henrique Braun's first earnings call showed 2% unit volume growth, +14% Coca-Cola Zero Sugar volume, and maintained full-year guidance of 4-5% organic revenue growth and 7-8% EPS growth. The result reinforces KO's reputation as a defensive compounder even as headline revenue disappointed.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

Coca-Cola Q1 2026 earnings landed before the bell on April 28, and the headline tells two different stories depending on which line you look at. The top line disappointed — revenue of $11.82 billion came in $230 million short of the $12.05 billion Wall Street had penciled in. But the bottom line held: adjusted EPS of $0.58 beat the $0.565 consensus by 2.7%, continuing Coca-Cola's streak of profitability outperformance.

For Henrique Braun, stepping into the CEO role just 28 days before this report, the numbers are neither a disaster nor a triumph. They are a first data point — and the signal embedded in them matters for how you think about consumer staples stocks in the current geopolitical and macroeconomic environment.

## The Numbers: What Coca-Cola Actually Reported in Q1 2026