Coca-Cola Europacific Partners: Revenue Up 6.1% in H1, Earnings Per Share at €2.20
Coca-Cola Europacific Partners (CCEP) released its first-half 2026 results on August 4, 2026, with revenues growing 6.1% to €10.7 billion.
Beyond sales growth, the group highlights faster increases in operating profit and earnings per share, while maintaining its full-year objectives despite what it describes as a challenging environment.
Revenue, Operating Profit and EPS Growing in First Half
Over the first six months of 2026, CCEP recorded revenue of €10.7 billion, up 6.1% compared to the equivalent period in 2025, on a comparable basis and at constant exchange rates.
Operating profit grew 8.1% to reach €1.5 billion, and earnings per share increased 10.6% to €2.20. The growth in operating profit and earnings per share was thus faster than revenue growth.
By region, Europe generated revenue of €7.9 billion with a volume of 1.3 billion unit cases and operating profit of €1.1 billion. The APS region (Asia-Pacific) achieved €2.8 billion in revenue, 733 million unit cases in volume and €348 million in operating profit.
Zero Sugar, Energy and Hydration Drive Growth
The progress is supported by faster-growing categories identified by the group. Coca-Cola advanced 1.3%, driven by Coke Zero Sugar (+ 10.7%), while Coca-Cola Original Taste declined 2.6%, with APS region growth offset by a decline in Europe.
The water, sports drinks, ready-to-drink teas and coffees segment increased 5.6%, with a rise of 12.1% for sports drinks over the half-year (+ 18% in the second quarter). The "other, including energy" category grew 8.0%, with energy displaying 18.6% growth and a market share gain of 230 basis points.
At the level of operating units, Great Britain (+ 8.7%) and Southeast Asia (+ 9.0%) recorded the strongest revenue growth, driven by FIFA World Cup activation and growth in the Philippines and Indonesia. The group also cites the impact, already announced, of the exit from distribution of Suntory alcoholic products in Australia and New Zealand on its volumes.
Full-Year Guidance Reaffirmed Despite Challenging Environment
Chief Executive Officer Damian Gammell reaffirmed the group's annual objectives, while emphasizing that the consumer environment remains challenging and the full impact of the Middle East situation remains uncertain.
Management indicated it is actively managing prices, promotions, discretionary spending and efficiency gains, alongside what it describes as record investment focused on artificial intelligence, technology and the supply chain.
Strategic priorities highlighted include extending cooler coverage, winning new customers and accelerating growth in the Philippines and Indonesia. At the end of the half-year, CCEP posted earnings per share of €2.20, up 10.6% year-over-year.
