The Coca-Cola Company has reported a 6 per cent increase in net revenue for the fourth quarter of 2024, reaching US$11.5 billion, while full-year revenue grew 3 per cent to US$47.1 billion.
Organic revenue growth was stronger, rising 14 per cent for the quarter and 12 per cent for the year, driven by price adjustments and increased concentrate sales.
James Quincey, Chairman and CEO, said the company’s “all-weather strategy is working” and that Coca-Cola is well-positioned to navigate external challenges.
“Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead.”
In the Asia-Pacific region, unit case volume grew 6 per cent in the fourth quarter, with gains in Coca-Cola branded drinks and sparkling flavours. However, price/mix declined by 5 per cent due to an unfavourable sales mix. Operating income in the region rose 24 per cent for the quarter, helped by currency fluctuations, though comparable currency-neutral operating income fell 6 per cent due to higher costs and increased marketing investment.
Coca-Cola increased its market share in the global non-alcoholic ready-to-drink (NARTD) sector in 2024. It expanded its use of returnable glass bottles, which accounted for 1.6 billion unit cases globally, and increased availability through 250,000 new retail outlets and nearly 600,000 new beverage coolers.
For 2025, Coca-Cola expects organic revenue growth of 5 per cent to 6 per cent. Currency fluctuations are anticipated to be a challenge, with a 3 per cent to 4 per cent expected headwind on comparable net revenues. The company forecasts comparable earnings per share (EPS) growth of 2 per cent to 3 per cent, impacted by a 6 per cent to 7 per cent currency headwind.
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