CCEP Crushes Q2 Earnings Expectations on Zero Sugar, Energy Drink Surge

Coca-Cola Europacific Partners (CCEP) reported solid earnings growth in its Q2 call, driven by strong momentum in Zero Sugar and energy drinks. Revenue reached EUR 10.7 billion, a 6.1% increase year-over-year on a comparable and FX-neutral basis.

The company's operating profit increased 8.1% to EUR 1.5 billion, lifting the operating margin to 13.8%. Diluted EPS advanced 10.6% to EUR 2.20, helped by buybacks.

Growth was broad across markets, with Zero Sugar volumes up 10%, energy drinks up 19%, and sports and hydration up 12%. The company's value share increased by 20 basis points, led by Europe.