(Reuters) -Coca-Cola beat Wall Street estimates for fourth-quarter profit and revenue on Tuesday, helped by resilient demand for its sodas and juices and higher prices, sending its shares up 3% premarket.
The world’s top soda company has focused on capturing demand in emerging markets such as India, and expanding its portfolio in North America as consumers turn mindful of strained budgets.
In the U.S., Coca-Cola’s partnerships with value meal deals at fast-food chains such as McDonald’s have helped improve sales, while it also invests in its sparkling water label Topo Chico and Fairlife milk.
The company reported fourth-quarter net revenue of $11.40 billion, beating estimates of $10.68 billion, according to data by LSEG.
Profit of 55 cents per share topped estimates of 52 cents.
The company expects organic revenue growth for 2025 of 5% to 6%, compared with a 12% rise in 2024. The forecast is at the higher end of the company’s long-term organic revenue growth target of between 4% and 6%.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)
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