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.

February 13, 2024
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