Reported about 6 hours ago
Coca-Cola has achieved a 6% increase in revenue during the fourth quarter, totaling $11.5 billion, surpassing analysts' expectations. This growth is attributed to a rise in sales volumes in key markets such as the U.S. and China, particularly for Coca-Cola Zero Sugar, which saw a 13% increase. Despite a 1% decline in the previous quarter, unit case volumes grew by 2%. The company also raised prices by 9% amidst inflationary pressures. Net income for the quarter reached $2.2 billion, an 11% increase, with future growth projected at 5% to 6% for 2025.
Source: YAHOO