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Coca-Cola 4Q profit rises on strong overseas sales
Staff and agencies1 min ago
The company said Tuesday that its unit case volume rose sharply in emerging markets like China and India, and also saw solid growth in Latin America.
The only region to report a decline was North America, where case volume fell 1 percent, a sign that those consumers are still wary about their spending. North America makes up about one-fourth of the company‘s sales.
Coca-Cola, whose brands include Sprite and Diet Coke, reported its fourth-quarter earnings rose to $1.54 billion, or 66 cents per share, even with the expectations of analysts polled by Thomson Reuters. These estimates typically remove one-time items.
While North American unit volume dipped, Coca-Cola Zero posted double-digit unit case volume growth in the region.
Revenue for the year dipped slightly to $31 billion from $31.94 billion.
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