Water, sports, coffee and tea (incl. Costa Coffee)
Category volume grew 6% in Q2 2026; coffee declined 2% while water and tea grew 6%.
The numbers
What it is
The non-sparkling portfolio: water, POWERADE and BODYARMOR sports drinks, tea, and coffee including the Costa Coffee business. Costa's non-ready-to-drink sales are reported in transactions rather than unit cases, so there is no unit-case figure for it.
Why it matters to the stock. This is where the company has been diversifying away from sugared soda. Coffee has been the weak point in the category in 2026.
News
Semafor reports Coca-Cola is again exploring a sale of Costa Coffee
Semafor reported that Coca-Cola is again exploring a sale of Costa Coffee, which it bought for about $5.1 billion in 2018.
Coca-Cola lines up January 2027 Core Power Banana and POWERADE zero-sugar launches
Coca-Cola's 2027 lineup includes Core Power Banana in January 2027, in 26 gram and 42 gram protein versions, its first new flavor in almost a decade.
Coca-Cola now expects Africa bottling sale to close late in Q3 or in Q4 2026
Coca-Cola's outlook assumes the pending sale of its African bottling operations closes toward the end of the third quarter or during the fourth quarter of 2026, subject to regulatory approvals.