Global unit case volume grew 2 per cent in Q4, led by China, Brazil, and the United States, while full-year volume saw a 1 per cent increase, driven by growth in Brazil, India, and Mexico
The Coca-Cola Company has reported robust financial and operational results for the fourth quarter and full year of 2024, highlighting strong organic revenue growth and resilience in a dynamic market environment.
For the quarter, net revenues rose 6 per cent to $11.5 billion, while organic revenues (non-GAAP) surged 14 per cent, driven by a 9 per cent increase in price/mix and a 5 per cent rise in concentrate sales. Full-year results showed 3 per cent net revenue growth, reaching $47.1 billion, with organic revenues up 12 per cent.
Global unit case volume grew 2 per cent in Q4, led by China, Brazil, and the United States, while full-year volume saw a 1 per cent increase, driven by growth in Brazil, India, and Mexico.
Sparkling Soft Drinks: Up 2 per cent for both Q4 and the full year.
Coca-Cola Zero Sugar led the way with 13 per cent growth in Q4 and 9 per cent for the year.
Juices, Dairy & Plant-Based Beverages: Declined 1 per cent in Q4 but remained steady for the year.
Water grew 2 per cent in Q4 but declined 2 per cent for the year.
Sports drinks saw slight declines of 2 per cent in Q4 and 1 per cent for the year.
Coffee dropped 1 per cent in Q4 and 3 per cent for the year, impacted by Costa Coffee’s performance in the UK.
Tea saw strong growth of 5 per cent in Q4 and 4 per cent for the year.
James Quincey, Chairman and CEO of The Coca-Cola Company, expressed confidence in the company’s long-term strategy.
“Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments. 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,” Quincey stated.
With a strong close to 2024, Coca-Cola remains focused on driving growth through strategic pricing, product innovation, and expanding its global reach.
As Coca-Cola moves into 2025, the company aims to leverage its brand strength and operational agility to navigate economic shifts and evolving consumer preferences. The continued success of Coca-Cola Zero Sugar and its expanding presence in international markets will be key growth drivers in the year ahead.
