Coca-Cola posted better-than-expected income within the fourth quarter as its gross sales volumes rose within the U.S., China and elsewhere.
Income for the Atlanta beverage big rose 6% to $11.5 billion. That was higher than the $10.68 billion Wall Road was anticipating, in accordance with analysts polled by FactSet.
Analysts had anticipated Coke’s unit case volumes to be up lower than 1%. However the firm reported unit case volumes up 2%, reversing a slide from earlier within the yr.
Coca-Cola Zero Sugar noticed robust development globally within the fourth quarter, with case volumes up 13%. Water, espresso, tea and sports activities drink volumes have been all up 2%, the corporate stated Tuesday. Volumes for juice, dairy and plant-based drinks fell 1%.
Internet revenue rose 11% to $2.2 billion for the October-December interval. Adjusted for one-time gadgets, the corporate earned 55 cents per share. That additionally beat analysts’ forecasts of 52 cents.
Coke’s shares rose almost 4% in premarket buying and selling Tuesday.