KO Coca-Cola's revenue increased by 6% to $11.5 billion, surpassing estimates by $0.9 billion, while earnings per share (EPS) reached $0.55, exceeding expectations by $0.03. Organic revenue, which excludes acquisitions, divestitures, and currency effects, grew 14%, with unit case volume rising 2%, recovering from the previous quarter’s decline. Higher prices continued to drive growth, with a 9% increase in price/mix, though this is expected to stabilize in 2025. Coca-Cola Zero and Fairlife milk stood out, demonstrating the company's success in diversifying beyond its core soda offerings.
Looking ahead, the company anticipates 5%-6% organic revenue growth and 2%-3% EPS growth in 2025, slightly below forecasts. Foreign exchange fluctuations (expected to reduce EPS by 6%-7%) and a slowdown in price-driven growth pose challenges. However, management remains optimistic about gaining market share through digital strategies, international expansion, and growth in value-added beverages like protein shakes and dairy products.