Coca-Cola's Financial Triumph in Q4 2024

Marking a significant milestone, The Coca-Cola Company revealed a 6% year-on-year revenue increase to $11.5 billion in the fourth quarter of fiscal 2024, surpassing analysts' forecasts.

Net income experienced an 11% surge, reaching $2.2 billion, while diluted earnings per share (EPS) saw a 12% rise to $0.51 compared to the previous year's fourth quarter. The company's operating income also saw a remarkable 19% annual increase, totaling $2.7 billion.

For the entirety of 2024, Coca-Cola reported a 3% increase in net operating revenue, amounting to $47.1 billion, with the diluted earnings per share holding steady at $2.46.

"Our all-weather strategy is proving effective, showcasing our capacity to navigate through fluctuating external environments," stated CEO James Quincey.

Following the announcement, Coca-Cola's shares experienced a 3.63% increase in premarket trading, reaching $66.89 per share by 7:05 am ET.