Earnings call briefThird-quarter 2026
Coca-Cola KO
Coca-Cola expects Africa refranchising to weigh on 2027 revenue but help margins
Coca-Cola said it expects a two-point 2027 earnings per share headwind and a four-point fourth-quarter net revenue headwind, assuming the sale closes in the fourth quarter, subject to regulatory approvals.
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On its third-quarter call, Coca-Cola said that, with the pending refranchising of Coca-Cola Beverages Africa, it expects an eight-point headwind to comparable net revenues and a two-point headwind to comparable earnings per share in 2027.
Assuming current rates and hedge positions, Coca-Cola said it expects a slight currency headwind to both comparable net revenues and comparable earnings per share in 2027.
Quotes from the call
“With the anticipated refranchising of CCBA, we expect an eight-point headwind to comparable net revenues and a two-point headwind to comparable earnings per share, but expect positive impacts to both our margins and the return profile of our business.”
Key facts from the call
- Expected 2027 comparable net revenue impact from Africa refranchising
- Eight-point headwind
- Expected 2027 comparable earnings per share impact from Africa refranchising
- Two-point headwind
- Expected fourth-quarter comparable net revenue impact
- Four-point headwind
Source: Coca-Cola's third-quarter 2026 earnings call, October 27, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.