CCEP Q2 Earnings Disappoint, But 2026 Guidance Remains Firm

Coca-Cola Europacific Partners (NASDAQ:CCEP) has released its quarterly earnings data. The company reported $1.26 earnings per share (EPS), missing analysts' consensus estimates of $2.47 by ($1.21). Revenue came in at $6.14 billion, which was below the predicted $12.22 billion.

The business had a strong first half, with revenue rising 6.1% to €10.7 billion and operating profit increasing 8.1% to €1.5 billion. Diluted EPS grew 10.6% to €2.20. Growth was broad-based across markets, with continued value-share gains and strong cash generation.

Management reaffirmed all 2026 guidance, including comparable free cash flow of at least €1.7 billion. They cited a cautious stance due to cost volatility and five months remaining in the second half.