Coca-Cola's Margins Soar: Can It Sustain the Efficiency Push?

Key Takeaways KO posts a 120-bps y/y operating margin expansion in 3Q25 despite a slight gross margin dip.Coca-Cola credits media productivity, supply-chain gains and tighter expenses for stronger margins.Management sees refranchising and a potential 2026 currency tailwind supporting margin strength.The Coca-Cola Company (KO) delivered a notable margin performance in third-quarter 2025, underscoring the growing impacts of its multi-year productivity and efficiency initiatives. While the comparable gross mar ...