Coca-Cola Q1 2026 volumes steady globally, Asia weak but North America and EMEA strong, says BofA

Bank of America expects Coca-Cola's global consumption volumes in Q1 2026 to be stable with a slight 0.2% decline year-over-year, driven by strong demand in North America and EMEA offsetting weakness in Asia. Asia Pacific faces significant declines, especially in India, Southwest Asia, and Greater China, while Latin America shows modest growth and Europe sees a slight decline. BofA maintains a Buy rating and $88 price target, highlighting Coca-Cola's resilience amid a complex economic environment. The company’s Q1 earnings report is due April 28, with analysts focusing on consumption trends rather than shipment volumes.