Fairlife Production Restored at U.S. Facilities
Coca-Cola said Monday it has resumed "the majority of production" at the four Fairlife dairy facilities in the United States that were temporarily shut down after a ransomware attack. The Atlanta beverage giant disclosed the cybersecurity incident on July 16, when it announced it had suspended U.S. Fairlife production after an unauthorized third party accessed a portion of its systems. Fairlife operations in Canada were not affected, and the company said retail availability of Fairlife products has been "largely unimpacted" because of existing inventory. Product quality and safety have not been impacted, according to the company's statement.
Confirmed Data Breach and Anubis Claims
Coca-Cola on Monday confirmed that the ransomware attack resulted in a data breach, marking the first time the company has publicly acknowledged that data was taken. The Anubis ransomware group listed Coca-Cola and Fairlife on its leak website on July 20, claiming to have stolen one terabyte of confidential data and threatening to release it unless its demands were met. The group set a deadline for the morning of Monday, July 27. As of that morning, the alleged threat remained on a dark-web site but no files appeared available for download, and the timer had run out. Coca-Cola said it had "no additional information to share" beyond its statement, and SecurityWeek noted that Anubis has listed roughly 100 targeted organizations since becoming active in December 2024, using a double-extortion model with a distinctive 'wiper mode' capability.
Financial Impact and Leadership Context
Coca-Cola said it does not believe the incident will have a material effect on its "financial condition or results of operations." Fairlife, which sells filtered milk and protein shakes, surpassed $1 billion in annual retail sales in 2022 and is one of Coca-Cola's top brands, with growth tied to rising protein consumption alongside GLP-1 weight-loss drugs. The attack comes months after Henrique Braun became CEO, with digital transformation named as one of his key priorities and Coca-Cola adding its first chief digital officer this year.
Coca-Cola FEMSA Posts Second-Quarter Results
Coca-Cola FEMSA, the Mexico City-based bottling partner, on Monday reported second-quarter earnings of $357.2 million, or $1.70 per share, on revenue of $4.39 billion. The results were disclosed in an earnings snapshot distributed via Automated Insights using Zacks Investment Research data and represent a separately listed entity rather than a consolidated figure for The Coca-Cola Company.
Earnings Outlook and Analyst Expectations
Coca-Cola is scheduled to report its second-quarter earnings Tuesday before market open, when executives will typically discuss issues affecting the company. The market is expecting Coca-Cola's revenue to grow 4% year on year, improving from a 2.5% increase in the same quarter last year, after Q1 delivered $12.47 billion in revenue, up 11.2% year on year. Earlier in the year, Coca-Cola raised its 2026 comparable earnings per share growth guidance to 8% to 9% from 7% to 8% after Q1 EPS grew 18% to $0.86, driven in part by a one-point drop in the underlying effective tax rate to 19.9%. Unit case volume grew 3% across every operating segment in Q1, and organic revenue climbed 10%. The mean analyst price target has climbed to roughly $88 from $78 a year ago, with shares trading around $82.
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