Coca-Cola Company (NYSE:KO) stock fell on Tuesday after the beverage giant delivered a mixed quarterly update, beating profit expectations while falling short on revenue.
The company pointed to steady organic growth and pricing gains, while weaker reported margins and a cautious outlook kept investors on edge.
Quarterly Metrics
The company reported fourth-quarter adjusted earnings per share of 58 cents, beating the analyst consensus estimate of 56 cents. Quarterly sales of $11.80 billion (+2% year over year) missed the Street view of $12.026 billion.
Coca-Cola said organic revenue rose 5%, driven by 4% growth in concentrate sales and 1% improvement in price/mix.
The organic growth was led by Latin America (+10%), EMEA (+6%), and North America (+5%), while Asia Pacific was flat and Bottling Investments fell 1%.
Concentrate sales ran 3 points ahead of unit case volume due to shipment timing and one extra day in the period.
Unit case volume rose 1% overall, with gains …