Coca-Cola sales beat estimates, helped by higher prices

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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