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Coca Cola reports fourth quarter & full year 2024 results
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Saturday, 15 February, 2025, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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The Coca-Cola Company in its Fourth Quarter and Full Year 2024 Results highlighted continued momentum in an industry full of growth opportunities. James Quincey, chairman and CEO of The Coca Cola Company, said, “Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments. Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead.”
India highlights:
- In January, February and December 2024, the company refranchised its bottling operations in certain territories in India.
- During the three months and year ended December 31, 2024, the company recorded net gains of $13 million and $303 million, respectively, related to the refranchising of its bottling operations in certain territories in India.
- During the year ended December 31, 2024, the company incurred $7 million of transaction costs related to the refranchising of its bottling operations in certain territories in India.
- For the full year, unit case volume grew 1%, led by Brazil, India and Mexico.
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