Key Takeaways
- Coca-Cola reported better-than-expected sales in Q4 2023.
- Sales grew 7% from a year ago to $10.85 billion, driven by higher prices.
- Adjusted earnings per share of 49 cents met analyst expectations.
- The company expects to grow its organic revenue by 6%-7% and adjusted EPS by 4%-5% in 2024.
The Coca-Cola Company (KO) handil🦩y beat analyst estimates for sales in the fourth quarter. The company's shares rꦰose roughly 1% in pre-market trading Tuesday.
澳洲幸运5官方开奖结果体彩网:Net income for the quarter fell about 3% from a year ago to $1.977 billion or 46 cents per diluted share. Excluding certain items and currency impact, adjusted earnings per share came in at 49 cents per diluted share, in line with 澳洲幸运5官方开奖结果体彩网:analyst estimates compiled by Visible Alpha.
Sales revenue rose🐼 about 7% to $10.85 billion, driven by higher prices. Net of currency impact, organic revenues grew 12% on the back of 25% growth in Europe, Middle East, & Africa; 23% in Latin America; and 13% in Asia Pacific.
Unit case volume, a measure of the volume of beverages sold by C🅺oca-Cola, increased the most in the Latin America market. In North America, higher prices helped offset the impact of lower sales volume.
The company expects to grow its organic revenue by 6%-7% and adjusted EPS by 4%-5% in 2024, but said it faces a 4% cu𝕴rrency headwind in the first quarter of the year.
Q4 2023 | Analyst Estimates for Q4 2023 | Q4 2022 | |
---|---|---|---|
Revenue | $10.85 billion | $10.76 billion | $10.12 billion |
Adjusted Earnings Per Share | 49 cents | 49 cents | 45 cents |
Net Income | $1.97 billion | $2.15 billion | $1.94 billion |
Related Articles
:max_bytes(150000):strip_icc()/GettyImages-2217023527-e4b4d11ba8e447fe9fcae5d1f5293e40.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2213368477-08bf0ff95bdd48f4b9fd80739582bc8f.jpg)
:max_bytes(150000):strip_icc()/INV_RaosSauceBottles_Campbells_GettyImages-2151518013-24fc5df0ab544c73a1355ce938af34bf.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2198945908-49711ecc74d24f638fe82c6e2472925e.jpg)
:max_bytes(150000):strip_icc()/GettyImages-1287528740-127950d8b6e447d6a9b72aa9c1dba858.jpg)
:max_bytes(150000):strip_icc()/INV_DollarGeneralCustomer_GettyImages-2074365014-46d3a9b958aa441cbdfd4fdefb3670c8.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2208180044-de8ffe6306da47e883255de40f2af938.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2215332553-963a031dcc684dbbb377855ba2b79d42.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2216322890-feac9c8c08874ca79c3a6d5f987544e4.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2165823938-be0b83acba1448378db7ab7b81f7777b.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2196702728-c939412b1fa544e9aa16ebf2577d1c14.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2189239916-7fe75d660c194e6e9a8a577dff9a0de5.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2209665307-5db878ef6bb44ed293035520eae22b2e.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2168883090-f353d51f54eb4738bff8b7a9f21c47fb.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2217651159-8a646d2e25534931b0793b55cff95f5a.jpg)
:max_bytes(150000):strip_icc()/GettyImages-2169486637-4b3af16078ce49758609ac692236e889.jpg)