Coca-Cola (KO) reported $11.82 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 2.4%. EPS of $0.58 for the same period compares to $0.55 a year ago.
The reported revenue represents a surprise of -1.95% over the Zacks Consensus Estimate of $12.05 billion. With the consensus EPS estimate being $0.57, the EPS surprise was +2.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coca-Cola performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Operating Revenues- North America: $4.94 billion compared to the $4.91 billion average estimate based on four analysts. The reported number represents a change of +5.6% year over year.
- Net Operating Revenues- Latin America: $1.7 billion compared to the $1.69 billion average estimate based on four analysts. The reported number represents a change of +3.3% year over year.
- Net Operating Revenues- Asia Pacific: $1.14 billion compared to the $1.21 billion average estimate based on four analysts. The reported number represents a change of -6.3% year over year.
- Net Operating Revenues- Eliminations: $-201 million versus $-220.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.
- Net Operating Revenues- Bottling investments: $1.52 billion compared to the $1.63 billion average estimate based on four analysts. The reported number represents a change of -2.3% year over year.
- Net Operating Revenues- Europe, Middle East & Africa: $2.68 billion compared to the $2.75 billion average estimate based on four analysts. The reported number represents a change of +49.9% year over year.
- Net Operating Revenues- Corporate: $45 million compared to the $27.05 million average estimate based on three analysts. The reported number represents a change of +104.6% year over year.
- Operating Income- Europe, Middle East & Africa- Non-GAAP: $812 million versus $926.93 million estimated by four analysts on average.
- Operating Income- Bottling Investments- Non-GAAP: $192 million versus the four-analyst average estimate of $196.35 million.
- Operating Income- Corporate- Non-GAAP: $-777 million compared to the $-791.17 million average estimate based on four analysts.
- Operating income- North America- Non-GAAP: $1.38 billion versus $1.24 billion estimated by four analysts on average.
- Operating Income- Asia Pacific- Non-GAAP: $299 million versus $347.36 million estimated by four analysts on average.
View all Key Company Metrics for Coca-Cola here>>>
Shares of Coca-Cola have returned +10.6% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CocaCola Company (The) (KO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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