Coca-Cola (KO) has reported blended fourth-quarter monetary effects because of a gross sales quantity decline in North The usa.
The Atlanta-based beverage massive reported profits in line with proportion (EPS) of $0.49 U.S., which matched Wall Side road forecasts.
Income for the general quarter of final yr got here in at $10.85 billion U.S., which crowned expectancies of $10.68 billion U.S. Gross sales have been up 7% from a yr previous.
Coca-Cola mentioned in its profits liberate that upper costs helped it to in large part triumph over a 1% gross sales quantity decline within the U.S., Canada, and Mexico.
The corporate mentioned gross sales of its water, sports activities beverages, and low all fell in North The usa right through the quarter.
Taking a look forward, Coca-Cola mentioned that it expects a 4% headwind from foreign money alternate charges on its earnings within the present first quarter of 2024.
The corporate added that it expects foreign currency charges will weigh on each its profits and earnings for all of this yr.
The inventory of Coca-Cola has declined 2% within the final three hundred and sixty five days to business at $59.70 U.S. in line with proportion.