可口可乐第三季度营收134亿美元增长7%：每股收益0.93美元、全年可比每股收益指引上调至至少增11%
可口可乐公司（The Coca-Cola Company，纽交所代码 KO）10月27日在总部所在地亚特兰大发布2026年第三季度业绩：当季净营收增长7%至134亿美元，有机营收（非通用会计准则）增长7%，全球单箱销量增长5%，营业利润增长12%，营业利润率升至33.4%，高于上年同期的32.0%。按通用会计准则，每股收益增长8%至0.93美元；可比每股收益（非通用会计准则）增长11%至0.91美元，两项指标均包含约2个百分点的汇率顺风。公司当季在全球非酒精即饮饮料市场赢得价值份额。
单箱销量由印度、中国、墨西哥和巴西领涨：汽水饮料增长5%，其中商标可口可乐增长5%、无糖可口可乐增长16%、健怡可乐增长6%；水、运动饮料、咖啡和茶类增长5%，其中水类增长8%。浓缩液销量增长7%，价格与产品组合增长1%。分地区单箱销量，拉丁美洲与亚太各增长6%，欧洲、中东和非洲增长5%，装瓶投资业务增长8%，北美持平；净营收方面，拉丁美洲增长25%，北美增长3%。年初至今，经营现金流为125亿美元，自由现金流为114亿美元。
首席执行官 Henrique Braun 表示，业绩显示公司体系保持持续势头，这也是上调全年指引的信心来源。公司同日上调2026年全年指引：有机营收增速由约5%上调为至少5%；可比每股收益增速由9%至10%上调为至少11%，含约3个百分点汇率顺风和约1个百分点并购剥离逆风；剔除并购剥离的可比不变汇率每股收益增速由7%至8%上调为至少9%；自由现金流预期由约124亿美元上调为至少130亿美元，其中经营现金流至少152亿美元、资本支出约22亿美元。公司10月27日举行投资者电话会说明业绩。
Coca-Cola Third-Quarter Revenue Rises 7% to $13.4 Billion, EPS $0.93; Full-Year Comparable EPS Guidance Raised to at Least 11% Growth
The Coca-Cola Company (NYSE: KO) on October 27 reported third quarter 2026 results at its headquarters city of Atlanta. Net revenues grew 7% to $13.4 billion and organic revenues (non-GAAP) grew 7%, while global unit case volume grew 5% and operating income grew 12%. Operating margin was 33.4%, versus 32.0% a year earlier. EPS grew 8% to $0.93, and comparable EPS (non-GAAP) grew 11% to $0.91, both including a 2-point currency tailwind. The company gained value share in total nonalcoholic ready-to-drink beverages.
Unit case volume was led by India, China, Mexico and Brazil. Sparkling soft drinks grew 5%, with Trademark Coca-Cola up 5%, Coca-Cola Zero Sugar up 16% and Diet Coke up 6%; water, sports, coffee and tea grew 5%, led by water at 8%. Concentrate sales grew 7% and price/mix grew 1%. By region, unit case volume grew 6% in Latin America and Asia Pacific, 5% in Europe, Middle East and Africa and 8% in Bottling Investments, and was even in North America; Latin America net revenues grew 25% and North America net revenues grew 3%. Year-to-date cash flow from operations was $12.5 billion and free cash flow (non-GAAP) was $11.4 billion.
Chief Executive Henrique Braun said the results demonstrate the system's sustained momentum and give the company confidence in its updated full year guidance. Coca-Cola raised its full year 2026 guidance: organic revenue growth is now expected to be at least 5%, versus approximately 5% before; comparable EPS growth was raised to at least 11% from 9% to 10%, including an approximately 3-point currency tailwind and an approximately 1-point headwind from acquisitions and divestitures; comparable currency neutral EPS growth excluding acquisitions and divestitures was raised to at least 9% from 7% to 8%; and free cash flow is now expected to be at least $13.0 billion, consisting of at least $15.2 billion of cash from operations and approximately $2.2 billion of capital expenditures. The company discussed the results on an investor call on October 27.
来源：GSM·美国（原文链接）
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