On February 13th, Coca Cola Company released its financial reports for the fourth quarter and full year of 2023. In 2023, the company's revenue was $45.754 billion, a 6% increase, exceeding market expectations of $45.49 billion; The operating profit was 11.311 billion US dollars, an increase of 4%; Earnings per share was $2.69, an increase of 8%.
In the fourth quarter of 2023, Coca Cola's revenue was 10.849 billion US dollars, an increase of 7%, exceeding market expectations of 10.65 billion US dollars; The operating profit was 2.273 billion US dollars, an increase of 10%; Earnings per share was $0.49, a 10% increase. In terms of sales, global single box sales increased by 2%; The single box sales in the Asia Pacific market increased by 2%, mainly driven by the growth of the Chinese and Indian markets, while the beverage category was mainly driven by the growth of fruit juice beverages, dairy products, plant-based beverages, and flavored soda.
Meanwhile, Coca Cola also released its 2024 performance guidelines, predicting a growth rate of 6% -7% in organic revenue and a 4% -5% increase in earnings per share for the full year of 2024.