Coca-Cola (KO) official guidance

| Comparable EPS (non-GAAP) | At least 11% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 | 9% to 10% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 |

Divestitures are now expected to be a 2%-3% headwind to comparable net revenues and an approximate 1% headwind to comparable earnings per share.

| Comparable EPS (non-GAAP) | 9% to 10% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 | 8% to 9% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 |

Comparable EPS (non-GAAP) percentage growth is expected to include an approximate 3% currency tailwind based on the current rates and including the impact of hedged positions. In addition, the company expects an approximate 1% headwind from acquisitions and divestitures.

In addition, the company expects an approximate 1% headwind from acquisitions and divestitures.

| Comparable EPS (non-GAAP) | •Slight currency headwind1 •Approx. 2% headwind from acquisitions and divestitures2 |

| Comparable EPS (non-GAAP) | •Approx. 4% currency tailwind1 •Approx. 3% headwind from acquisitions and divestitures2 |

| Comparable net revenues (non-GAAP) | •Approx. 1% currency tailwind1 •Approx. 2% headwind from acquisitions and divestitures2 | •Approx. 1% currency tailwind1 •2% to 3% headwind from acquisitions and divestitures2 |

Divestitures are now expected to be a 2%-3% headwind to comparable net revenues and an approximate 1% headwind to comparable earnings per share.

| Comparable net revenues (non-GAAP) | •Approx. 1% currency tailwind1 •2% to 3% headwind from acquisitions and divestitures2 | •1% to 2% currency tailwind1 •Approx. 4% headwind from acquisitions and divestitures2 |

For comparable net revenues (non-GAAP), the company expects a 1% to 2% currency tailwind based on the current rates and including the impact of hedged positions. In addition, the company expects an approximate 4% headwind from acquisitions and divestitures.

In addition, the company expects an approximate 4% headwind from acquisitions and divestitures.

| Comparable net revenues (non-GAAP) | •Slight currency headwind1 •Approx. 8% headwind from acquisitions and divestitures2 |

| Comparable net revenues (non-GAAP) | •Approx. 1% currency tailwind1 •Approx. 4% headwind from acquisitions and divestitures2 |

| Comparable EPS (non-GAAP) | At least 11% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 | 9% to 10% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 |

| Comparable EPS (non-GAAP) | 9% to 10% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 | 8% to 9% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 |

The company expects to deliver comparable currency neutral EPS excluding acquisitions and divestitures (non-GAAP) growth of 6% to 7% and comparable EPS (non-GAAP) growth of 8% to 9% versus $3.00 in 2025.

All in, we expect comparable earnings per share growth of 7%-8% versus $3 in 2025.

The company expects to deliver comparable currency neutral EPS excluding acquisitions and divestitures (non-GAAP) growth of 5% to 6% and comparable EPS (non-GAAP) growth of 7% to 8% versus $3.00 in 2025.

We expect concentrate shipments to lag unit case volume by 1 point during the third quarter and now expect concentrate shipments to slightly trail unit case volume for the full year.

| Comparable EPS (non-GAAP) | •Slight currency headwind1 •Approx. 2% headwind from acquisitions and divestitures2 |

| Comparable net revenues (non-GAAP) | •Slight currency headwind1 •Approx. 8% headwind from acquisitions and divestitures2 |

We now expect comparable currency-neutral earnings per share growth, excluding acquisitions and divestitures, of 7%-8%.

We now expect growth in comparable currency-neutral earnings per share, excluding acquisitions and divestitures of 6% to 7%.

| Comparable EPS (non-GAAP) | At least 11% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 | 9% to 10% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 |

Based on current rates and our hedge positions, we now expect an approximate 1-point currency tailwind to comparable net revenues and continue to expect an approximate 3-point currency tailwind to comparable earnings per share for the full year 2026.

| Comparable EPS (non-GAAP) | 9% to 10% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 | 8% to 9% growth, which includes: •Approx. 3% currency tailwind1 •Approx. 1% headwind from acquisitions and divestitures2 |

Comparable EPS (non-GAAP) percentage growth is expected to include an approximate 3% currency tailwind based on the current rates and including the impact of hedged positions.

Comparable EPS (non-GAAP) percentage growth is expected to include an approximate 3% currency tailwind based on the current rates and including the impact of hedged positions.

| Comparable net revenues (non-GAAP) | •Approx. 1% currency tailwind1 •Approx. 2% headwind from acquisitions and divestitures2 | •Approx. 1% currency tailwind1 •2% to 3% headwind from acquisitions and divestitures2 |

Based on current rates and our hedge positions, we now expect an approximate 1-point currency tailwind to comparable net revenues and continue to expect an approximate 3-point currency tailwind to comparable earnings per share for the full year 2026.

| Comparable net revenues (non-GAAP) | •Approx. 1% currency tailwind1 •2% to 3% headwind from acquisitions and divestitures2 | •1% to 2% currency tailwind1 •Approx. 4% headwind from acquisitions and divestitures2 |

For comparable net revenues (non-GAAP), the company expects a 1% to 2% currency tailwind based on the current rates and including the impact of hedged positions.

For comparable net revenues (non-GAAP), the company expects an approximate 1% currency tailwind based on the current rates and including the impact of hedged positions.

| Underlying effective tax rate (non-GAAP)3 | 19.7% | 19.9% |

Our underlying effective tax rate for 2026 is still expected to be 19.9%.

| Underlying effective tax rate (non-GAAP)3 | 19.9% | 19.9% |

The company’s underlying effective tax rate (non-GAAP) is estimated to be 19.9%.This does not include the impact of ongoing tax litigation with the U.S. Internal Revenue Service, if the company were not to prevail.

Our underlying effective tax rate for 2026 is expected to be 20.9%.

The company’s underlying effective tax rate (non-GAAP) is estimated to be 20.9%.This does not include the impact of ongoing tax litigation with the U.S. Internal Revenue Service, if the company were not to prevail.

| Free cash flow (non-GAAP) | At least $13.0 billion, consisting of: •At least $15.2 billion of cash from operations •Approx. $2.2 billion of capital expenditures | Approx. $12.4 billion, consisting of: •Approx. $14.6 billion of cash from operations •Approx. $2.2 billion of capital expenditures |

| Free cash flow (non-GAAP) | Approx. $12.4 billion, consisting of: •Approx. $14.6 billion of cash from operations •Approx. $2.2 billion of capital expenditures | Approx. $12.2 billion, consisting of: •Approx. $14.4 billion of cash from operations •Approx. $2.2 billion of capital expenditures |

The company expects to generate free cash flow (non-GAAP) of approximately $12.2 billion. This consists of cash flow from operations of approximately $14.4 billion, less capital expenditures of approximately $2.2 billion.

The company expects to generate free cash flow (non-GAAP) of approximately $12.2 billion.

Based on our year-to-date results and expectations for the balance of the year, including six fewer days in the fourth quarter, we expect to deliver at the high end of our prior revenue guidance with organic revenue growth of approximately 5%.

We continue to expect organic revenue growth of 4% to 5%.