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Coca-Cola's Q4 profit declined 3% due to lower other income and higher interest expenses, despite a 7% revenue growth and meeting EPS expectations.
Coca-Cola reported a 3% decline in Q4 profit due to lower other income and higher interest expenses.
However, the company's revenue grew by 7% and its adjusted earnings per share met analysts' expectations.
Coca-Cola's net operating revenues increased by 7% to $10.85 billion, driven by a 9% growth in price/mix and a 3% growth in concentrate sales.
Global unit case volume growth was 2%, with developed markets remaining even, and developing and emerging markets growing 4%.
Coca-Cola projects comparable currency-neutral earnings to grow between 8% and 10% for fiscal 2024.
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Las ganancias del cuarto trimestre de Coca-Cola disminuyeron un 3% debido a menores otros ingresos y mayores gastos por intereses, a pesar de un crecimiento de ingresos del 7% y el cumplimiento de las expectativas de EPS.