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CLAIM #35514 · The Coca-Cola Company (KO) · 2023Q4 earnings call · Feb 13, 2024 · due Dec 31, 2024

So that's a roundabout way of saying, we're not expecting big mix effects from channel in 2024.

James Quincey · CEO

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resolved by a revision, graded at the moved level · official band 5 percent
Committed
we're not expecting big mix effects from channel in 2024
Reported
only half of that is actually price. The other half is mix.

In context

ginal. And when you break it down, I mean there's going to be the kind of continuing structural growth of away from home. But it's only a small fraction. If that's a sort of leading to a question about pricing. And is there some ongoing likelihood of big upside from kind of channel mix, the short answer is, no. If I were to take a proxy of immediate consumption packages in future comps and consumption packages, because channel mix becomes very different as you get to different parts of the world, particularly the emerging markets. Then they became much more -- the kind of the immediate consumption came much more into balance versus the future consumption in 2023 relative to 2022. And that's not too surprising as we stopped also [indiscernible] affordability having been a strategy in 2023. So that's a roundabout way of saying, we're not expecting big mix effects from channel in 2024. Operator: Our next question comes from Andrea Teixeira from JPMorgan. Please go ahead, your line is open. Andrea Teixeira: Thank you. And good morning, everyone. So James, can you comment a little bit about the U.S., I understand obviously U.S. is not -- in terms of the volumes, it's about 20%, but within our -- your outlook for 2024, you quoted in the fourth quarter that water sports coffee were more negative or decelerating. And how about -- what is of that is like mostly self-inflicted vis-a-vis what you're actually facing in terms of market share and how much you expect that to be lingering into the first half of 2024? And just a clarification to your comment now in terms of like to shifting to on-premise in back to your comments on price mix. Out of the 9% that you got, if my math is

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SEC filings for KO · Claim quote is verbatim from the 2023Q4 earnings call.