Stocks›Consumer Defensive›KO

KO Coca Cola Co

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Coca Cola Co operates in the Beverages industry.

$93.90+2.07%

Oct 16 close · 1D EOD · Databento

Consumer DefensiveBeveragesMega-capSEC EDGAR FY 2025-12-31

On the Wire · latest 1

All stories →

Oct 17 · ZeroHedgeKFC to replace Pepsi with Coca-Cola at 3,700 US restaurantsKFC will replace Pepsi with Coca-Cola at roughly 3,700 US restaurants beginning in January 2027. The switch gives Coca-Cola a major restaurant distribution win while removing a longstanding foodservice account from PepsiCo.

On the Wire · latest 1

All stories →

Oct 17 · ZeroHedgeKFC to replace Pepsi with Coca-Cola at 3,700 US restaurantsKFC will replace Pepsi with Coca-Cola at roughly 3,700 US restaurants beginning in January 2027. The switch gives Coca-Cola a major restaurant distribution win while removing a longstanding foodservice account from PepsiCo.

What happened

Daily closes · dots are Wire stories

What’s next

Expected around late October, going by its own filing history. The company has not announced a date yet. Its matching report came Oct 21, 2025 and Oct 23, 2024, before the open.

Last report

Jul 28, 2026+5.00%

before the open

Last 4, next close

median 3.96% either way

up 3 of 4

Every report since 2022 →Earnings calendar →

DateEventSourceNext close

Jul 28Earnings release, before the open · 8-KSEC EDGARSEC EDGAR ↗+5.00%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

25 big days in a year, and what we hold on each

A big day is a close more than 2.00% from the one before, three times KO’s median day (0.67%). On 14 of the 25, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±2.00%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayKOWhat we hold that dayGroup (median of 4) · each

1 Oct 21, 2025+4.06%
Resultsgroup −0.3%, did not move with it
1Oct 21, 2025+4.06%
ResultsFirst close after the Oct 21 results filing
−0.3% did not move with itSTZ +0.2 · KDP −0.3 · PEP −0.3 · BF-B −0.8
2 Oct 29, 2025−2.58%
Before our storiesgroup −3.9%, moved with KO
2Oct 29, 2025−2.58%
Before our stories
−3.9% moved with KOKDP −5.9 · BF-B −5.1 · PEP −2.6 · STZ −2.4
3 Nov 7, 2025+2.16%
Before our storiesgroup +0.0%, did not move with it
3Nov 7, 2025+2.16%
Before our stories
+0.0% did not move with itPEP +1.0 · BF-B +0.3 · STZ −0.2 · KDP −1.5
4 Nov 21, 2025+2.44%
Before our storiesgroup +2.0%, moved with KO
4Nov 21, 2025+2.44%
Before our stories
+2.0% moved with KOSTZ +2.5 · BF-B +2.0 · KDP +1.9 · PEP +0.2
5 Dec 12, 2025+2.04%
Before our storiesgroup −0.1%, did not move with it
5Dec 12, 2025+2.04%
Before our stories
−0.1% did not move with itPEP +1.1 · KDP +0.1 · BF-B −0.4 · STZ −1.4
6 Jan 8, 2026+2.71%
Before our storiesgroup +1.5%, moved with KO
6Jan 8, 2026+2.71%
Before our stories
+1.5% moved with KOSTZ +5.3 · PEP +1.7 · BF-B +1.3 · KDP +1.3
7 Feb 3, 2026+2.07%
Before our storiesgroup +3.5%, moved with KO
7Feb 3, 2026+2.07%
Before our stories
+3.5% moved with KOPEP +4.9 · BF-B +3.8 · STZ +3.2 · KDP +1.8
8 Feb 11, 2026+2.33%
Before our storiesgroup +1.3%, moved with KO
8Feb 11, 2026+2.33%
Before our stories
+1.3% moved with KOKDP +4.1 · PEP +1.3 · BF-B +1.2 · STZ −1.5
9 Mar 18, 2026−2.08%
Before our storiesgroup −1.4%, moved with KO
9Mar 18, 2026−2.08%
Before our stories
−1.4% moved with KOPEP −1.9 · KDP −1.8 · BF-B −0.9 · STZ +0.3
10 Apr 23, 2026+2.21%
Before our storiesgroup +1.4%, moved with KO
10Apr 23, 2026+2.21%
Before our stories
+1.4% moved with KOKDP +7.5 · STZ +1.6 · PEP +1.2 · BF-B −0.5
11 Apr 28, 2026+3.86%
Resultsgroup +1.0%, did not move with it
11Apr 28, 2026+3.86%
ResultsFirst close after the Apr 28 results filing
+1.0% did not move with itKDP +2.3 · PEP +1.4 · BF-B +0.5 · STZ +0.2
12 Jun 4, 2026−2.46%
Before our storiesgroup +0.7%, did not move with it
12Jun 4, 2026−2.46%
Before our stories
+0.7% did not move with itKDP −1.6 · PEP −0.3 · STZ +1.8 · BF-B +2.8
13 Jun 5, 2026+3.46%
Before our storiesgroup +1.9%, moved with KO
13Jun 5, 2026+3.46%
Before our stories
+1.9% moved with KOBF-B +2.8 · STZ +2.3 · KDP +1.6 · PEP −0.2
14 Jun 9, 2026+2.26%
Before our storiesgroup +1.3%, moved with KO
14Jun 9, 2026+2.26%
Before our stories
+1.3% moved with KOKDP +2.4 · PEP +1.5 · BF-B +1.1 · STZ −0.5
15 Jun 10, 2026+2.77%
Nothing on KOgroup +0.9%, did not move with it
15Jun 10, 2026+2.77%
Nothing on KONo KO story, brief or results filing in our record that day
+0.9% did not move with itSTZ +1.6 · PEP +1.1 · KDP +0.7 · BF-B −0.8
16 Jun 15, 2026−2.07%
Nothing on KOgroup −0.0%, did not move with it
16Jun 15, 2026−2.07%
Nothing on KONo KO story, brief or results filing in our record that day
−0.0% did not move with itSTZ −0.3 · BF-B −0.3 · KDP +0.2 · PEP +1.4
17 Jun 26, 2026+2.75%
Nothing on KOgroup +1.3%, did not move with it
17Jun 26, 2026+2.75%
Nothing on KONo KO story, brief or results filing in our record that day
+1.3% did not move with itKDP +2.7 · PEP +1.3 · STZ +1.3 · BF-B +1.0
18 Jul 2, 2026+3.51%
Nothing on KOgroup +0.8%, did not move with it
18Jul 2, 2026+3.51%
Nothing on KONo KO story, brief or results filing in our record that day
+0.8% did not move with itPEP +2.2 · BF-B +1.3 · STZ +0.4 · KDP −0.2
19 Jul 16, 2026+3.00%
Nothing on KOgroup +3.3%, moved with KO
19Jul 16, 2026+3.00%
Nothing on KONo KO story, brief or results filing in our record that day
+3.3% moved with KOKDP +3.6 · BF-B +3.5 · STZ +3.1 · PEP +3.0
20 Jul 17, 2026−3.96%
Nothing on KOgroup −1.6%, did not move with it
20Jul 17, 2026−3.96%
Nothing on KONo KO story, brief or results filing in our record that day
−1.6% did not move with itSTZ −2.1 · PEP −1.7 · KDP −1.5 · BF-B −1.5
21 Jul 27, 2026+2.21%
Nothing on KOgroup +1.9%, moved with KO
21Jul 27, 2026+2.21%
Nothing on KONo KO story, brief or results filing in our record that day
+1.9% moved with KOBF-B +5.1 · PEP +2.3 · KDP +1.5 · STZ −0.3
22 Jul 28, 2026+5.00%
Resultsgroup +2.7%, moved with KO
22Jul 28, 2026+5.00%
ResultsFirst close after the Jul 28 results filing
+2.7% moved with KOBF-B +5.5 · KDP +3.2 · PEP +2.2 · STZ +1.8
23 Aug 18, 2026+2.12%
Nothing on KOgroup +0.9%, did not move with it
23Aug 18, 2026+2.12%
Nothing on KONo KO story, brief or results filing in our record that day
+0.9% did not move with itKDP +1.7 · PEP +1.4 · STZ +0.3 · BF-B −1.6
24 Oct 8, 2026+2.27%
Nothing on KOgroup +3.0%, moved with KO
24Oct 8, 2026+2.27%
Nothing on KONo KO story, brief or results filing in our record that day
+3.0% moved with KOSTZ +4.4 · PEP +3.7 · KDP +2.4 · BF-B +2.3
25 Oct 16, 2026+2.07%
Nothing on KOgroup +1.3%, moved with KO
25Oct 16, 2026+2.07%
Nothing on KONo KO story, brief or results filing in our record that day
+1.3% moved with KOPEP +2.4 · STZ +1.4 · KDP +1.3 · BF-B +1.1

A story on the same day is not a cause, and a group move is not proof either. Group: the median of PEP, KDP, STZ and BF-B that day, the largest companies in KO’s SEC industry; “moved with KO” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). KO reports before the open, so day 1 is that day’s close. 3 of 4 times, day 6 ended on the same side as day 1.

Reported Oct 21, 2025

day 1+4.06%day 6+2.51%

Reported Feb 10, 2026

day 1−1.49%day 6+1.95%

Reported Apr 28, 2026

day 1+3.86%day 6+4.03%

Reported Jul 28, 2026

day 1+5.00%day 6+2.96%

Next report: expected late OctoberEstimated from the dates of its last four results filings. Not announced. Since the Jul 28 report: +11.69%. Four reports is a small sample.

Every report since 2022 →

Each line is KO’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2025, filed

SEC EDGAR

Market cap$404.0B

Revenue$47.9B+1.90%

Net income$13.1B

EPS, diluted$3.04+23.60%

Gross margin61.6%

Operating margin28.7%

Return on equity38.2%

Debt / equity1.11

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorConsumer Defensive

Market Cap$404.0B

Enterprise Value$430.9B

Income$13.1B

Sales$47.9B

Book/sh$7.97

Cash/sh$2.56

Dividend TTM$2.04

Payout67%

Employees—

IPO—

Quick Ratio1.25

Current Ratio1.46

Debt/Eq1.11

EPS (ttm)$3.04

EPS this Y23.6%

EPS past 3/5Y11.6%

Sales past 3/5Y3.7%

EPS Y/Y TTM23.6%

Sales Y/Y TTM1.9%

Shs Outstand4.30B

ROA12.5%

ROE38.2%

ROIC18.5%

Gross Margin61.6%

Oper. Margin28.7%

Profit Margin27.3%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$38.7B

FY21

$43.0B

FY22

$45.8B

FY23

$47.1B

FY24

$47.9B

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$38.7B	$43.0B	$45.8B	$47.1B	$47.9B
Gross Profit	$23.3B	$25.0B	$27.2B	$28.7B	$29.5B
Operating Income	$10.3B	$10.9B	$11.3B	$10.0B	$13.8B
Net Income	$9.8B	$9.5B	$10.7B	$10.6B	$13.1B
Diluted EPS	$2.25	$2.19	$2.47	$2.46	$3.04
Operating Cash Flow	$12.6B	$11.0B	$11.6B	$6.8B	$7.4B
Free Cash Flow	$11.3B	$9.5B	$9.7B	$4.7B	$5.3B

Same industry

KO against four beverage peers, a year at 100

KO is up 37.2% in a year. All four did less: Keurig Dr Pepper (+23.5%), Brown Forman (+0.6%), Constellation Brands (−6.5%) and PepsiCo (−14.5%). Weekly closes, Oct 17, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

Share this chart

KO +37.2%. Keurig Dr Pepper +23.5%, Brown Forman +0.6%, Constellation Brands −6.5%, PepsiCo −14.5%. Weekly closes, Oct 17, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in KO’s SEC industry (Beverages) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

PEP$179.5B KDP$47.1B STZ$22.2B BF-B$13.5B PRMB$7.1B COCO$3.4B BRCC$961M WEST$824M

Follow the news. Track the move.

KO story timeline

Company updates and connected market context, with the dated price move attached.

Stories

Direct

Sector context/Market context

Oct 17

KFC to replace Pepsi with Coca-Cola at 3,700 US restaurants

KFC will replace Pepsi with Coca-Cola at roughly 3,700 US restaurants beginning in January 2027. The switch gives Coca-Cola a major restaurant distribution win while removing a longstanding foodservice account from PepsiCo.

Price history unavailable

ZeroHedge · 1d ago

View both sides →