The Coca-Cola Company has posted sales growth for the fourth quarter, which management attributed to the company’s all-weather strategy.
Coca-Cola’s net revenues rose 6 per cent to US$11.5 billion and organic revenues grew 14 per cent during the quarter ended December 31, driven by increases in price/mix and concentrate sales.
By region, net revenues were up 9 per cent in Apac, 17 per cent in EMEA, 16 per cent in North America and 10 per cent in Latin America.
Global unit case volume grew 2 per cent, led by China, Brazil and the US.
For the full year, net revenues increased 3 per cent to $47.1 billion and organic revenues improved 12 per cent. Unit case volume grew 1 per cent, led by Brazil, India and Mexico.
On the bottom line, operating income jumped 19 per cent in the fourth quarter but fell 12 per cent for the full year.
“Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments,” said James Quincey, chairman and CEO of The Coca-Cola Company.
“Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead,” he added.
The company expects to deliver organic revenue growth of 5-6 per cent this fiscal year.
