Vending

Coca-Cola reports Q4 growth, mixed full-year results

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February 12, 2025

The Coca-Cola Company released its fourth quarter and full-year 2024 earnings report, revealing growth in some areas but declines in others. While the company saw a 6% increase in net revenues for the fourth quarter and a 3% increase for the full year, driven largely by price/mix and concentrate sales, operating income presented a mixed picture, according to a company press release.

Fourth quarter operating income grew 19%, but full-year operating income declined 12%, impacted by items including a charge related to the fairlife acquisition. Comparable operating income, a non-GAAP measure, grew for both the quarter and the full year. EPS showed a similar trend, with fourth-quarter EPS up 12% but full-year EPS down slightly. The company also reported a significant drop in full-year cash flow from operations, attributed primarily to a tax litigation deposit. However, excluding this deposit, free cash flow increased.

"Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments," James Quincey, chairman and CEO of The Coca-Cola Company, said in the company press release.

The company highlighted its revenue growth management strategies, including offering a diverse portfolio of brands and package options. Coca-Cola also emphasized its focus on increasing outlet coverage and placing cold-drink equipment to drive consumer recruitment. The company provided a financial outlook for 2025 but did not disclose specific details in the released information.