CLAIM #35519 · The Coca-Cola Company (KO) · 2023Q4 earnings call · Feb 13, 2024 · due Dec 31, 2024
“In aggregate, we would expect to get more from price relative to volume for the U.S. business.”
James Quincey · CEO
In context
“htness, particularly for certain -- for certain consumer segments. I think all things in due proportion. I mean, the growth in North America in the fourth quarter was basically the same as the growth in the full year, it's only very fractional differences. So, I think these are not big changes in trends. But yes, I think there was a little softening through the -- through 2023. And I think we'll see that kind of a bidding reverse as 2024 starts off as consumers and you can see it in the confidence indicators, the consumers, they're starting to feel like the money coming in is starting to contain and get ahead of the inflation. So I think we'll see that improve through the year, again, all in due proportion, they're not going to be big shifts in the volume growth rate in the U.S. business. In aggregate, we would expect to get more from price relative to volume for the U.S. business. So the balance that I talk about between price and volume applies on a global basis clearly that's been made up of geographic portfolio mix, so places like the U.S., we'd expect to see stable or slightly increasing volume with decent pricing, all the way over to place like India, where clearly we're getting much more volume than price and having to invest significantly in capacity. And those two -- take those two examples, so that's true of the global portfolio, blend it all together and that's where the balance comes from. Operator: Our next question comes from Charlie Higgs from Redburn Atlantic. Please go ahead, your line is open. Charlie Higgs: Yeah. Hi, James, John, hope you both are well. I got a question on sparkling, please, where I mean, 2% volume growth in the quarter and the ye”
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SEC filings for KO ↗ · Claim quote is verbatim from the 2023Q4 earnings call.