Feb 11 (Reuters) - Coca-Cola posted a surprise rise in comparable revenue and topped estimates for fourth-quarter profit on Tuesday, helped by higher prices and resilient demand for its sodas and juices, sending its shares up about 3% premarket.
The world's top soda company has focused on capturing demand in emerging markets such as India and expanding its portfolio in North America to include brands such as the premium Fairlife milk label.
Partnerships with value meal deals at fast-food chains such as McDonald's have also buoyed sales.
Volumes rose 1% in North America - its biggest market - in the last three months of 2024, the first quarter of growth for the year.
Consolidated unit case volumes increased 2%, following a 1% drop in the prior quarter.
At the same time, global prices rose 9% in the quarter, following a 10% jump in the third quarter.
The company's fourth-quarter comparable net revenue rose to $11.40 billion from $10.85 billion. Analysts on average had expected it to drop 2.47% to $10.68 billion, according to data by LSEG.
Coca-Cola's profit of 55 cents per share topped estimates of 52 cents.
The company expects organic revenue growth for 2025 of 5% to 6%, compared with a 12% rise in 2024. The forecast is at the higher end of the company's long-term organic revenue growth target of between 4% and 6%.
Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila
Source: Reuters