Sales and Market Performance - The Coca-Cola system sold 33.7 billion unit cases in 2024, a slight increase from 33.3 billion in 2023, with sparkling soft drinks representing 69% of the volume in both years[31] - Trademark Coca-Cola accounted for 47% of worldwide unit case volume in both 2024 and 2023, while in the U.S., it represented 42% of the unit case volume[31] - In 2024, the U.S. unit case volume accounted for 16% of the Company's worldwide total, with 61% of that volume being sparkling soft drinks[31] - The largest markets outside the U.S. for unit case volume were Mexico, China, Brazil, and India, which together accounted for 33% of the worldwide total[31] - The second and third quarters historically account for the highest sales volumes, indicating seasonality in beverage sales[46] Operations and Supply Chain - The Company provides marketing support and participates in sales of other beverage brands through licenses and joint ventures, including Monster Energy distribution agreements[28] - The Company makes its products available in over 200 countries, with consumers enjoying 2.2 billion servings daily[30] - The Company has implemented an incidence-based concentrate pricing model to align financial objectives with bottlers and adapt to changing consumer needs[34] - The five largest independent bottling partners represented 44% of total worldwide unit case volume in 2024[32] - The company may acquire or take control of bottling operations in underperforming markets to improve performance and efficiency[44] Competition and Market Environment - The company operates in a highly competitive commercial beverage industry, facing significant competition from major players like PepsiCo, Nestlé, and Anheuser-Busch InBev[47] Raw Materials and Sourcing - Key raw materials include high fructose corn syrup (HFCS) and sucrose, with HFCS prices historically subject to market fluctuations[52] - The company sources orange juice and concentrate primarily from Florida and Brazil, facing challenges from citrus greening disease and adverse weather conditions[54] - The company generates most of its coffee revenues through Costa, which sources certified green coffee from multiple suppliers to mitigate weather-related yield impacts[56] - The company has not experienced significant shortages in obtaining non-nutritive sweeteners, which are critical for its product formulations[53] Environmental and Regulatory Compliance - Compliance with environmental regulations is a priority, with ongoing expenditures aimed at achieving sustainability goals[65] - The company is subject to various cybersecurity and data protection laws, including the California Consumer Privacy Act, which may impact its data practices[66] Human Capital and Workforce - The board of directors oversees talent management and compensation strategies, emphasizing the importance of human capital in business operations[68] - The company recognizes water availability and sustainability as key challenges, given its reliance on water as a primary ingredient in its products[51] - As of December 31, 2024, the company had approximately 69,700 employees, a decrease from 79,100 in 2023, primarily due to refranchising activities[69] - Approximately 400 employees in North America were covered by collective bargaining agreements as of December 31, 2024[70] - The company focuses on providing access to equal opportunities and fostering belonging in workplaces and local communities[71] Financial Performance and Risk Management - The company generated $28.7 billion of net operating revenues from operations outside the United States in 2024[374] - The total notional values of foreign currency derivatives were $18,442 million and $17,505 million as of December 31, 2024 and 2023, respectively[376] - A 10% weakening of the U.S. dollar would have resulted in a $511 million decrease in the fair value of foreign currency derivatives that qualified for hedge accounting[376] - The company estimates that a 1 percentage point increase in interest rates would have increased interest expense by $127 million in 2024[378] - The total notional values of commodity derivatives were $386 million and $379 million as of December 31, 2024 and 2023, respectively[381] - The fair value of commodity derivatives that qualified for hedge accounting resulted in a net unrealized gain of $2 million as of December 31, 2024[381] Employee Benefits - The company aims to provide competitive employee benefits packages, which may include a 401(k) plan, medical and dental insurance, and tuition assistance[78]

Coca-Cola (KO -0.53%) has been able to raise prices for its products because customers are sticking with its brand.*Stock prices used were the afternoon prices of Feb. 16, 2025. The video was published on Feb. 18, 2025. ...

Core Viewpoint - The Coca-Cola Company is successfully advancing its strategy to become a total beverage company, leveraging its strong portfolio and innovative capabilities [1] Product Launch - Coca-Cola is entering the prebiotic soda market with the launch of Simply Pop, which will be available in five fruit flavors aimed at health-conscious consumers [2][5] - Simply Pop will be sold in 12-ounce cans for $2.49 each and will include six grams of prebiotic fiber, zinc, and vitamin C [3] Market Competition - The new Simply Pop beverage is expected to compete with existing brands like Olipop and Poppi, which have gained popularity in the gut-health beverage segment [4] Digital Initiatives - Coca-Cola is enhancing its digital capabilities to support growth, focusing on marketing, sales, and distribution both online and offline [6] - The company is investing in multi-category eB2B platforms with its bottlers to digitize customer interactions and integrate fragmented trade customers [7] Stock Performance - Coca-Cola's shares have increased by 10.4% over the past three months, outperforming the industry average rise of 2.1% [8]

It seems Coca-Cola has grown sick of stomaching Poppi and Olipop’s success with “gut-healthy” sodas – so the legacy brand is launching its own prebiotic drinks.Coca-Cola’s Simply prebiotic sodas will be sold in five fruity flavors: Strawberry, Pineapple Mango, Fruit Punch, Lime and Citrus Punch. The prebiotic drinks — pitched as beneficial to digestive health — will be available later this month at retailers in select regions and via Amazon Fresh. 3 Coca-Cola’s Simply prebiotic sodas will be sold in five ...

Coca-Cola is launching a prebiotic soda brand called Simply Pop, taking on upstarts Olipop and Poppi.Starting in late February, consumers on the West Coast and in the Southeast will be able to try Coke's iteration of the trendy drink.Soda consumption has broadly fallen in the U.S. over the last two decades, hurt by health concerns and an increase in alternatives on the market, from cold brew to energy drinks to water. But in the last five years, sodas containing prebiotics have taken off, thanks to industry ...

The Coca-Cola Company (KO) has seen its shares rally 6.7% since reporting solid fourth-quarter 2024 results on Feb 11. 2025. Meanwhile, the broader industry has returned 4%, the Consumer Staples sector has risen 1% and the S&P 500 index has inched up 0.7% in the same period.Coca-Cola's stock performance also reflects outperformance compared with its close competitors, including PepsiCo Inc. (PEP) , which has lost 0.7% in the same period. Also, KO shares have outpaced Monster Beverage (MNST) and Keurig Dr Pe ...

Core Viewpoint - Coca-Cola has demonstrated solid organic revenue growth, with a 14% increase in Q4, but its stock has remained largely stagnant over the past five years, only rising about 15% during that period. Recent earnings reports have provided a boost, with the stock up approximately 10% year to date [1][2]. Financial Performance - The company's Q4 revenue rose 6% to $11.54 billion, surpassing the consensus estimate of $10.68 billion. Adjusted earnings per share (EPS) increased by 12% to $0.55, exceeding the expected $0.52 [5]. - Organic revenue growth was driven by a 9% increase in pricing and a 2% rise in unit case volumes, with Coca-Cola Zero Sugar seeing a notable 13% growth in unit volumes [3][5]. Regional Performance - North America saw price/mix growth of 11% and unit volumes up 1%, contributing to a 15% organic revenue growth [6]. - EMEA (Europe, Middle East, and Africa) experienced an 11% price/mix increase, with flat unit volumes, leading to a 6% revenue growth [6]. - Latin America had a significant 23% price/mix growth, largely due to inflationary pricing in Argentina, with unit volumes rising 2% [4][6]. - Asia Pacific faced a 5% decline in price/mix but still achieved a 6% increase in unit volumes [4][6]. Future Outlook - Coca-Cola forecasts organic revenue growth of 5% to 6% for 2025, with adjusted EPS expected to rise by 2% to 3%, or 8% to 10% excluding currency impacts. The company anticipates generating $9.5 billion in free cash flow [7][8]. - The company expects pricing to continue driving growth, with some volume gains anticipated as inflation moderates in certain regions [8]. Market Position and Strategy - Coca-Cola has consistently shown strong pricing power, benefiting from its brand equity and market share gains in key categories such as sparkling soft drinks and value-added dairy [9][10]. - The company is adapting to changing consumer preferences, with emerging brands like Fairlife and potential growth opportunities in the "better-for-you" category [12]. - Despite facing potential tariff headwinds, Coca-Cola has flexibility in packaging and can transition to more plastic bottling [11]. Investment Consideration - The stock, currently trading at a forward P/E ratio of just above 23, may have the potential to break out of its range-bound trading pattern, making it an attractive option for long-term investors [13].

海外公司跟踪报告 | 美股 证券研究报告 | 公司评级 | 增持（维持） | | --- | --- | | 报告日期 | 2025 年 02 月 14 日 | 基础数据 | 2 月 12 日收盘价（美元） | 68.71 | | --- | --- | | 总市值（亿美元） | 2956 | | 总股本（亿股） | 43 | | 来源：聚源，兴业证券经济与金融研究院整理 | | 相关研究 【兴证海外食饮】可口可乐(KO.N)：拉 美、北美地区收入增速亮眼-2024.11.08 【兴证海外食饮】可口可乐(KO.N)：销 量回升，新兴市场表现亮眼-2024.07.26 【兴证海外食饮】可口可乐(KO.N)：营 收与毛利稳步增长，拉美市场表现亮眼- 2024.05.15 分析师：张博 S0190519060002 BMM189 zhangboyjs@xyzq.com.cn 分析师：张悦 S0190522080006 请注意: 张悦并非香港证券及期货事务监 察委员会的注册持牌人，不可在香港从事 受监管的活动。 zhangyue20@xyzq.com.cn 可口可乐(KO.N) 超强定价权带动业绩增长 投资要点： 主 ...

On Tuesday, February 11, the Coca-Cola Company (NYSE: KO) released its Q4 and full-year 2024 results, showing 14% organic revenue growth despite currency headwinds and regional market pressures.The company’s all-weather strategy has been effective, with strong performance in both the US and international markets. Moreover, CEO James Quincey highlighted the company’s agility in navigating external challenges and its focus on capturing growth opportunities.For the quarter, net revenues increased 6% to $11.5 b ...

Soft drinks giant Coca-Cola Company KO reported better-than-expected fourth-quarter earnings results, and the following are the analysts’ comments on them.Piper Sandler analyst Michael S. Lavery reiterated an Overweight rating on the shares with a price forecast of $73.00.President Trump implemented a 25% tariff on all imported steel and aluminum, with no exceptions or exemptions. The tariff impact on KO seems manageable, as the company could switch to PET bottles if aluminum cans become too costly, whether ...