By Connor Hart
Coca-Cola posted better-than-expected revenue and profit in the fourth quarter, boosted by higher prices and sales.
The beverage giant on Tuesday reported a profit of $2.20 billion, or 51 cents a share, compared with $1.97 billion, or 46 cents a share, in last year's quarter.
Adjusted per-share earnings were 55 cents, beating the 52 cents that analysts polled by FactSet forecast.
Revenue increased 6.4% to $11.54 billion, ahead of the $10.68 billion that analysts were looking for, according to FactSet.
Organic revenues grew 14%, driven by 9% growth in price/mix--a metric that includes prices as well as product mix, packaging and size--and a 5% increase in concentrate sales.
In North America, unit case volume grew 1% in the recent quarter, which the company primarily attributed to growth in sparkling beverages, juice, dairy and plant-based beverages, as well as its namesake Coca-Cola. Price-mix grew 12% on pricing actions and favorable product mixes, it said.
"Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments," Chief Executive James Quincey said. He added the company is well positioned to capitalize on future growth opportunities.
In 2025, Coca-Cola guided for organic revenue growth of 5% to 6%, compared with analyst views for 6.1%, according to FactSet.
Adjusted per-share earnings are forecast to increase 2% to 3% year-over-year. Analysts surveyed by FactSet modeled adjusted earnings of $2.95, representing a 2.4% increase from last year.
Shares rose 3.2% to $66.68 in premarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 11, 2025 07:32 ET (12:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。
没有相关数据
如果下载按钮点击无跳转,请点击右上角菜单选择 “在浏览器打开”