Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels, sitting modestly higher across the board. 

The consumer staples sector (-0.7%) is near the bottom of the leaderboard again today after facing a similar retreat yesterday. 

Coca-Cola (KO 76.24, -1.72, -2.21%) is modestly lower after reporting its Q4 results this morning. The beverage giant beat EPS expectations, while revenue increased 2.2% year-over-year to $11.8 billion, falling short of estimates. Additionally, for FY26, the company expects organic sales growth of 4-5% and comparable EPS growth of 7-8%, or $3.21-3.24, which was in line with expectations.

The company delivered an encouraging demand read-through this quarter, as volumes stayed positive for a second consecutive quarter and momentum improved as the quarter progressed. Volume trends also broadened, with North America and Latin America returning to growth and Asia Pacific stabilizing. Despite those positives, shares are trading a bit lower, which likely reflects the revenue shortfall after a strong run into the report.