Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.
Justin Sullivan | Getty Images
Coca-Cola on Tuesday posted quarterly earnings that met expectations and sales that topped estimates, as higher pries helped the beverage maker overcome a volume decline in North America.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:
- Earnings per share: 49 cents adjusted vs. 49 cents expected
- Revenue: $10.85 billion vs. $10.68 billion expected
Shares of the company rose less than 1% in premarket trading.
Coke reported fourth-quarter net income of 1.97 billion, or 46 cents per share, down from $2.03 billion, or 47 cents per share, a year earlier.
Excluding items, the company earned 49 cents per share.
Net sales rose 7% to $10.85 billion.
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