Coca-Cola reports strong second-quarter growth, boosted by China-led volume gains

The Coca-Cola Company posted stronger-than-expected second-quarter results, with global unit case volume up 5 percent, led by growth in key markets, including China.

On July 28, Coca-Cola reported second-quarter 2026 net revenue of $13.38 billion, up 7 percent from a year earlier. Organic revenue, excluding the impact of currency and acquisitions, increased 6 percent, while consolidated net income rose 17 percent to $4.44 billion.

Global unit case volume increased 5 percent during the quarter, with Asia-Pacific volumes rising 8 percent, driven primarily by growth in Coca-Cola and sparkling flavors. China, one of Coca-Cola's key markets in the region, continued to contribute to growth through localized product innovation aimed at meeting changing consumer preferences.

In China, Coca-Cola has continued to focus on consumer-driven innovation. The company adapted its Sprite + Tea product with a more lemon-forward flavor profile tailored to local preferences, helping support Sprite's volume growth during the quarter.

Coca-Cola China said it is continuing to advance its localization strategy through product innovation, digital engagement, supply chain improvements and community initiatives. The company said these efforts are designed to deepen relationships with consumers, partners and local communities, while supporting sustainable growth in the market.

The beverage giant's portfolio posted broad-based gains during the quarter. Sparkling soft drinks grew 4 percent, with Coca-Cola brand rising 5 percent across all geographic operating segments. The brand recorded its strongest quarterly volume growth in 17 years, excluding the post-pandemic recovery period. The company attributed part of the momentum to its FIFA World Cup 2026 marketing campaign.

Coca-Cola Zero Sugar continued its rapid expansion, with volume increasing 16 percent across all operating regions. Sparkling flavors grew 4 percent, primarily driven by the Asia-Pacific. Juice, value-added dairy and plant-based beverages rose 2 percent, supported by growth in the Asia-Pacific and North America, while water, sports, coffee and tea categories increased 6 percent.