Coca-Cola Exceeds Expectations, Gains Ground on PepsiCo
In its fourth-quarter earnings report, Coca-Cola (KO) outperformed Wall Street estimates across the board, solidifying its position as a leader in the beverage industry.
Key Financials:
* Revenue: $11.5 billion (vs. $10.67 billion expected)
* Adjusted Earnings per Share: $0.55 (vs. $0.52 expected)
Growth Drivers:
* Price/mix growth: 9%
* Unit case volume growth: 2%
Organic Revenue Growth:
* Full-year organic revenue growth: 12% (exceeded company's 10% estimate)
Share Performance:
* Shares up 7% in the past year
* Outperforms PepsiCo, which has declined by 16%
Future Outlook:
* Organic revenue growth expected at 5%-6% in 2025
* Adjusted earnings growth expected at 2%-3% in 2025
Regional Performance:
* Latin America:
* Net revenue growth: 3%
* Price/mix growth: 23%
* Unit case volume growth: 2%
* North America:
* Unit case volume growth: 1%
* Price/mix growth: 12%
Challenges and Opportunities:
* Potential tariffs and inflation on agriculture commodities, such as orange juice
* Value and meal deals in the fast food industry
* Costco converting food court fountain business back to Coca-Cola from PepsiCo