Coca-Cola beats earnings estimates, raises guidance amid economic slowdown, driven by steady demand and strong cash flow.

Coca-Cola reported Q1 2026 revenue of $12.47 billion, beating estimates by 12%, with EPS up 5.87% over consensus and organic revenue growth of 10%. Despite a slowing economy and reduced consumer spending, Coca-Cola's pricing power and steady demand for its products, especially Coca-Cola Zero Sugar, supported growth. The company also raised its full-year EPS growth guidance to 8-9%, backed by strong free cash flow, dividend increases for 63 consecutive years, and a solid balance sheet. Risks include challenges in Asia Pacific and potential impacts if U.S. consumer debt worsens, but overall the company remains a resilient investment during economic uncertainty.