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Coca-Cola and Hershey pull in investors with standout Q2 results
Coca-Cola reported Q2 net revenues up 7% to $13.4 billion, with EPS rising 16% to $1.03, while Hershey is described as posting a strong earnings quarter despite being down about 3% year to date.
MarketBeat Ratings highlights Coca-Cola and Hershey as consumer staples names drawing attention as investors look for alternatives to the AI trade and gravitate toward defensive, dividend-paying stocks. The Consumer Staples Select Sector SPDR Fund, ticker XLP, is cited as up about 10% year to date, while Coca-Cola is up roughly 26% in 2026 and Hershey is down about 3%. The analysis notes that neither stock is described as particularly cheap on valuation, but both are framed as more attractive versus many AI-related stocks.
For Coca-Cola, MarketBeat Ratings points to Q2 performance, saying net revenues grew 7% to $13.4 billion and organic revenues rose 6%. The outlet also reports that unit case volume increased 5% and that earnings per share climbed 16% to $1.03, with comparable EPS up 11% to 97 cents.
The piece links Coca-Cola's results to its FIFA World Cup activation, citing brand trademark growth of 5% and Powerade growth of 8%. It also says the company credited more than 60 billion digital impressions and connected-packaging engagement with over 80 million consumers, and notes the stock jumped more than 5% after the report before gains stalled as investors weighed how durable the results could be.