Coca-Cola has focused on capturing demand in emerging markets such as India and expanding its portfolio in North America to include brands such as the premium Fairlife milk label
posted a surprise rise in comparable revenue and topped estimates for fourth-quarter profit on Tuesday, helped by higher prices and resilient demand for its sodas, sending the company’s shares up about 4 per cent premarket.
At the same time, global prices rose 9 per cent in last three months of 2024, following a 10 per cent jump in the third quarter. In contrast, rival PepsiCo last week reported a 3 per cent drop in volume for its two biggest segments of North America beverages and Frito-Lay North America for the fourth quarter.
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