Major Companies Report Q1 2026 Earnings

All operating segments showed volume growth, including a 4% rise in North America. Coca-Cola raised its full-year comparable earnings per share growth outlook to 8% to 9%, up from 7% to 8%, and reiterated organic revenue growth of 4% to 5%. The sparkling soft drinks division saw a 2% volume increase, driven by a 13% jump in Coca-Cola Zero Sugar.

The water, sports, coffee, and tea segment grew 5% in volume. However, the juice, value-added dairy, and plant-based beverage segment declined 1% in volume, partly due to the prior sale of finished product operations in Nigeria. Shares of Coca-Cola rose 5% in morning trading following the report.

Separately, the European Commission issued preliminary findings that Meta is in breach of EU law for failing to prevent children under 13 from using Facebook and Instagram. The commission stated that Meta lacks effective measures to stop under-13s from accessing its services.

This follows a nearly two-year investigation. The findings were announced on Wednesday, prior to the current date. Coca-Cola's executives noted confidence in managing commodity volatility, such as in tea and coffee, amid geopolitical tensions. The company has less exposure to higher aluminum and plastic prices than its bottling partners.

Ford's EV unit performance remained flat year-over-year, with preparations underway for new vehicle launches. Meta's operating income increased 30% year-over-year to $22.87 billion.

Stock reactions included a surge in Ford shares over 7%, Alphabet shares over 5%, and Everspin shares jumping after its beat and guidance. Coca-Cola's shares rose 6% over the last year but have been affected by economic concerns. Coca-Cola reported efforts to appeal to lower-income consumers through affordable options, while premium brands like Fairlife and Smartwater benefited from higher-income shoppers.

The company reported net income attributable to shareholders of $3.92 billion, or 91 cents per share, up from the previous year.