Coca-Cola has revealed its financial results for 2024. The company registered higher sales and profits during the year, despite economic headwinds.
Key Financial Results
- Sales in Q4 grew by 6%, coming in at $11.5 billion.
- Sales for the year grew by 3% to $47.1 billion
- Increased sales, Fanta and Sprite sales as well as extra sales of concentrate resulted in higher revenue.
In the last quarter, Coca-Cola implemented a 9% price increase which resulted in higher sales for Fanta and Sprite brands by 2%.
The company also expanded its market share in the non alcoholic beverages.
Profit And Earnings
- In Q4, profit surged by 19%.
- For the year, profit plummeted by 12% because of an existing 3.1 billion dollar acquisition write off.
- In the last quarter, earnings per share jumped 12% to $0.51
- For the year, earnings per share dropped to $2.46, but the adjusted EPS increased to $2.88.
Overall earnings were negatively impacted by changes to currency.
Regional Performance
- Sales grew by 2% in volume in the last quarter and 1% for the entire year.
- From the varied performance across different regions:
- During the last quarter, Asia Pacific has had a growth in sales by 6%.
- Other markets continue to grow but at a slow pace.
What To Expect In 2025
Coca-Cola has foreseen a sales growth of 5%-6% in 2025. The corporation expects an adjusted EPS growth of 2% to 3% as well.
These results highlight the company’s effectiveness in raising prices without losing volume. The company is dedicated to increasing its global presence.
