XenalyticsNo. 006 · Oct 28, 2026

CPG · Q3 2026 company earnings releases

Volume or price? How 7 CPG giants grew in Q3 2026

4 of 7CPG giants whose Q3 2026 organic growth came mainly from volume rather than price/mix (company releases, Oct 2026). Sources: The Coca-Cola Company, 2026; Unilever, 2026; Procter & Gamble, 2026; Nestlé, 2026; Danone, 2026; Reckitt, 2026; PepsiCo, 2026

Q3 2026 organic growth, split into volume and price

Toggle the measure. Tap or hover a bar for the exact figure. Each company's own organic or like-for-like measure.

Sources: The Coca-Cola Company, 2026; Unilever, 2026; Procter & Gamble, 2026; Nestlé, 2026; Danone, 2026; Reckitt, 2026; PepsiCo, 2026; Procter & Gamble via SEC EDGAR, 2026; The Motley Fool, 2026. Note: Periods: P&G July–September 2026 (fiscal Q1 2027); PepsiCo 12 weeks to Sept 5; Coca-Cola quarter to Oct 2; others calendar Q3. Coca-Cola volume is concentrate sales (+7%), which ran 2 points ahead of unit case volume (+5%) on shipment timing. P&G price/mix is pricing (+0.4) plus mix (+1.1). Nestlé volume is real internal growth, which includes mix. Danone volume is volume/mix. PepsiCo components are rounded in its reconciliation table (volume +0.5, effective net pricing +3) against 3.1% headline organic growth. Reckitt is Core Reckitt (excludes Mead Johnson). Components may not add to the total due to rounding.
Data table
Q3 2026 organic growth, split into volume and price
PeriodOrganic growthVolumePrice / mix
Coca-Cola+7.0%+7.0%+1.0%
Unilever+5.2%+2.9%+2.3%
P&G+4.0%+2.4%+1.5%
Nestlé+4.0%+2.8%+1.1%
Danone+4.0%+0.4%+3.6%
Reckitt (Core)+3.3%+0.1%+3.2%
PepsiCo+3.1%+0.5%+3.0%
  • 5.2%Unilever's Q3 underlying sales growth: 2.9 points volume, 2.3 points price
  • 2.8%Nestlé's Q3 real internal growth (volume and mix), up from 1.9% for the first nine months, with pricing of 1.1%
  • 0.1%volume growth at Core Reckitt in Q3; 3.2 of its 3.3 points came from price/mix
Data: Procter & Gamble (2026); Procter & Gamble via SEC EDGAR (2026); Unilever (2026); Nestlé (2026); PepsiCo (2026); The Coca-Cola Company (2026); The Motley Fool (2026); Danone (2026); Reckitt (2026). Chart: XENA Intelligence.xenaintelligenceapp.com/xenalytics

Read the full analysis and explore the data on XENA Intelligence →