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)

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