Reported about 5 hours ago
Coca-Cola reported an unexpected rise in comparable revenue and fourth-quarter profits, driven by higher prices and strong demand for its beverages. The company saw a 4.2% increase in net revenue to $11.40 billion, surpassing analyst expectations. Growth was particularly noted in emerging markets and through strategic partnerships with fast-food chains. In contrast, rival PepsiCo faced a decline in volume sales, highlighting Coca-Cola's robust performance in the sparkling beverage category.
Source: YAHOO