Coca-Cola Europacific Partners Reports Q1 Growth and Reaffirms 2026 Outlook

Coca-Cola Europacific Partners (CCEP) began the fiscal year with positive momentum, reporting total first-quarter revenues of 5.001 billion euros. This represents a 6.7% increase on a reported basis and a 9.4% rise when adjusted for constant currency. Growth was broad-based across most territories, with the exception of Southeast Asia. The European market served as the primary growth engine, with revenues climbing 9.1% to 3.55 billion euros, while the Asia Pacific and South East Asia (APS) segment saw a more modest increase of 1.1% to 1.45 billion euros. Total sales volume reached 970 million units, marking an 8.5% year-over-year increase on a reported basis, with comparable growth at 1.6%. Revenue per unit case edged up 0.8%, reflecting a positive product mix, headline pricing, the exit from Suntory alcohol, and the impact of the French sugar tax. Looking ahead, the company reaffirmed its fiscal 2026 guidance, expecting comparable and FX-neutral revenue growth between 3% and 4%. Operating profit is projected to grow by approximately 7%. Additionally, CCEP confirmed its 1 billion euro share buyback program for the year, noting that 500 million euros have been completed to date. CEO Damian Gammell attributed the volume gains partly to calendar phasing and an early Easter, while acknowledging a challenging consumer environment and uncertainty regarding the situation in the Middle East. Despite these headwinds, the company remains confident in its mid-term strategic objectives.