Sparkling soft drinks (Trademark Coca-Cola, Coke Zero Sugar, Diet Coke)
Q2 2026 sparkling soft drink volume grew 4%, led by Coca-Cola Zero Sugar at +16%.
The numbers
What it is
The core business: the Trademark Coca-Cola brand, its zero-sugar and diet versions, and sparkling flavors. Sparkling soft drinks are the company's largest category by volume.
Why it matters to the stock. Sparkling volume is the headline number on each quarterly call. Zero-sugar growth is the clearest sign that the portfolio is shifting away from full-sugar cola.
News
Coca-Cola lines up January 2027 Core Power Banana and POWERADE zero-sugar launches
Coca-Cola's 2027 lineup includes Core Power Banana in January 2027, in 26 gram and 42 gram protein versions, its first new flavor in almost a decade.
Coca-Cola now expects Africa bottling sale to close late in Q3 or in Q4 2026
Coca-Cola's outlook assumes the pending sale of its African bottling operations closes toward the end of the third quarter or during the fourth quarter of 2026, subject to regulatory approvals.
Coca-Cola Q1 2026 revenue rises 12% and comparable EPS guidance is raised to 8% to 9%
Coca-Cola reported first-quarter 2026 net revenues of $12.5 billion, up 12%, with 10% organic growth and 3% unit case volume growth.