<\/p>\n\n\n\n
Coca-Cola’s fourth-quarter earnings exceeded expectations, as the company\u2019s strategy of encouraging consumers to buy higher-priced beverages fueled an unexpected rise in sales volume. The strong performance sent shares higher in premarket U.S. trading on Tuesday.<\/p>\n\n\n\n
The beverage giant (NYSE: KO) has introduced slimmer 12-ounce cans in the U.S. to boost sales, catering to cost-conscious consumers who have been more selective with their spending on soft drinks. Analysts credit this approach with sustaining demand for Coca-Cola\u2019s premium offerings, including sodas and juices.<\/p>\n\n\n\n
For the quarter ending December 31, North America unit case volume grew by 1%, driven by increased demand for sparkling flavors, juice, value-added dairy products, plant-based drinks, and Coca-Cola\u2019s flagship brand. Reported net revenues in the region surged 16%.<\/p>\n\n\n\n
However, this strength was tempered by stagnant volumes in Europe, the Middle East, and Africa, with the company previously warning that conflicts in the Middle East had disrupted supply chains.<\/p>\n\n\n\n
On a global scale, unit case volume rose by 2%, defying expectations of a 0.21% decline. China, despite struggling with weak consumer demand amid a sluggish post-pandemic recovery, contributed significantly to the growth.<\/p>\n\n\n\n
Comparable earnings per share for the quarter climbed 12% year-over-year to $0.55, surpassing Bloomberg consensus estimates of $0.52.<\/p>\n\n\n\n
Looking ahead to fiscal 2025, Coca-Cola forecasts organic revenue growth of 5% to 6%, slightly below market projections of 7.09%. Comparable earnings per share are expected to rise by 2% to 3% from $2.88 in 2024, setting a range of $2.94 to $2.97\u2014closely aligned with Wall Street\u2019s expectation of $2.95.<\/p>\n\n\n\n
Earlier this month, rival PepsiCo (NASDAQ: PEP) issued a weaker-than-expected annual forecast, citing subdued U.S. consumer spending and intensified promotional activity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coca-Cola’s fourth-quarter earnings exceeded expectations, as the company\u2019s strategy of encouraging consumers to buy higher-priced beverages fueled an unexpected rise in sales volume. The strong performance sent shares higher in premarket U.S. trading on Tuesday. The beverage giant (NYSE: KO) has introduced slimmer 12-ounce cans in the U.S. to boost sales, catering to cost-conscious consumers …<\/p>\n","protected":false},"author":9,"featured_media":48565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7113,7304,6858],"class_list":["post-111692","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-earnings","tag-revenue","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111692"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111692\/revisions"}],"predecessor-version":[{"id":111694,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111692\/revisions\/111694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/48565"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}