Coca-Cola Surpasses Q4 Sales Expectations, Eyes Growth in 2024

Higher prices and robust international sales offset lower demand in the U.S., setting a positive outlook for the year ahead.

Coca-Cola reported better-than-expected sales in Q4 2023, with revenues rising 7% to $10.8 billion, surpassing Wall Street projections.
The company's performance was bolstered by higher prices and solid sales in markets outside North America, offsetting lower demand in the U.S.
Coca-Cola anticipates a growth in organic revenue of 6%-7% and adjusted EPS of 4%-5% for 2024, despite facing a 4% currency headwind in the first quarter.
Shares of Coca-Cola saw a slight increase in pre-market trading, reflecting positive investor response to the earnings report.
The company's strategic moves, including expanding its portfolio and entering new markets, have contributed to its strong performance.