Coca-Cola sales fizz amid strong demand for soft drinks

Coca-Cola
FinanceFMCGNews

The Coca-Cola Company’s sales jumped in its fourth quarter and across the full year as demand for soft drinks remained strong.

For the three months to 31 December 2024, net sales jumped 6% to $11.5bn (£9.2bn), while full year net sales increased 3% to $47.1bn (£37.9bn).

It comes as sparkling soft drinks grew 2% for the Sprite and Fanta owner across both periods, with this category accounting for around two-thirds of the company’s total volumes.

Globally, water, sports, coffee and tea categories improved 2% for the quarter and declined 1% for the full year.


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In Europe specifically, unit case volume was even for the three-month period as growth in water, sports, coffee and tea and sparkling flavours was offset by a decline in juice, value-added dairy and plant-based beverages.

In the UK, coffee declined 1% for the quarter and 3% for the full year, primarily due to the performance of Costa Coffee.

The Coca-Cola Company chairman and CEO James Quincey said: “Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments.

“Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead.”

Looking ahead, the FMCG giant expects to deliver organic sales growth of 5% to 6% for the 2025 full year.

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Coca-Cola sales fizz amid strong demand for soft drinks

Coca-Cola

The Coca-Cola Company’s sales jumped in its fourth quarter and across the full year as demand for soft drinks remained strong.

For the three months to 31 December 2024, net sales jumped 6% to $11.5bn (£9.2bn), while full year net sales increased 3% to $47.1bn (£37.9bn).

It comes as sparkling soft drinks grew 2% for the Sprite and Fanta owner across both periods, with this category accounting for around two-thirds of the company’s total volumes.

Globally, water, sports, coffee and tea categories improved 2% for the quarter and declined 1% for the full year.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


In Europe specifically, unit case volume was even for the three-month period as growth in water, sports, coffee and tea and sparkling flavours was offset by a decline in juice, value-added dairy and plant-based beverages.

In the UK, coffee declined 1% for the quarter and 3% for the full year, primarily due to the performance of Costa Coffee.

The Coca-Cola Company chairman and CEO James Quincey said: “Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments.

“Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead.”

Looking ahead, the FMCG giant expects to deliver organic sales growth of 5% to 6% for the 2025 full year.

FinanceFMCGNews

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