Soda giant, Coca-Cola Company (KO) reported strong Q4 earnings that beat estimates, but the company predicts a weaker-than-expected outlook, predicting that higher inflation would continue to weigh on its profits throughout 2022.
- Adjusted Earnings per share were 45 cents versus 41 cents expected.
- Revenue of $9.46 billion was reported versus $8.96 billion expected.
- Net income of $2.41 billion, or 56 cents per share was reported up from $1.46 billion, or 34 cents per share, a year earlier.
- Net sales increased 10% to $9.46 billion, exceeding expectations of $8.96 billion.
- Organic revenue soared 9% in the quarter and unit case volume also rose 9%.
- Coke’s sparkling soft drinks segment, which includes its namesake soda, witnessed volume growth of 8% in the quarter. Coke Zero Sugar viewed double-digit growth.
- The volume of nutrition, juice, dairy, and plant-based beverages jumped 11%.
- Coke’s hydration, sports drinks, coffee, and tea division witnessed 12% volume growth in the quarter.
- For 2022, Coke is expecting comparable earnings per share growth of 5% to 6%, while Wall Street forecasts 6.1% growth. It further predicts organic revenue growth of 7% to 8% for the full year.
Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere. To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.