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CLAIM #35636 · The Coca-Cola Company (KO) · 2024Q4 earnings call · Feb 11, 2025 · due Dec 31, 2025

I think you've got what I said to Dara correctly. Yes, I mean, if you just take 2024, we did 2% in the fourth quarter. We did 1% overall for the year. So yes, I mean, what I was saying is implying we're at [ 2, 1 2 ] kind of floating around that sort of range with a compensating factor on the pricing side.

James Quincey · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

And I apologize if I misheard this, but I think you mentioned organic growth to be a bit more weighted to price relative to volume, which isn't entirely surprising. And not to get too granular, but I wasn't sure if you were implying that you were expecting volume growth to kind of fall short of the 2% to 3% growth we typically see or just at the lower end of that range. And I'd just ask that in the kind of 2% unit case volume growth hitting the year. You touched on a lot of these more challenged markets getting better in the quarter. So it would seem that you have some pretty nice momentum exiting the year and 4Q exit rate would be a good place to start. But I'm not sure if there's maybe some offsets or areas of concern that we might not be thinking about. James Quincey: Yes. Peter, yes, I think you've got what I said to Dara correctly. Yes, I mean, if you just take 2024, we did 2% in the fourth quarter. We did 1% overall for the year. So yes, I mean, what I was saying is implying we're at [ 2, 1 2 ] kind of floating around that sort of range with a compensating factor on the pricing side. So we still get we still get up into the 5% to 6% range. So I think you've got it clearly. And I think -- also, I think John made a comment earlier in terms of the time during the year that is clearly going to be a tougher cycling quarter. But overall for the year, we feel we're coming in with momentum. There are a decent number of unknowns and a dynamic environment '25. We believe we can manage through. And from a volume perspective, I think I like to think it's going to be a little better than '24 overall, but it's in that sort of ballpark. Operator: Our next question comes from Charli.e. Higgs from Redburn Atlantic. Charlie Higgs: I've got a question on India, please, which had a good 2024. And more broadly, it's been a great market for you over the past few years. I saw in Q4 that you

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SEC filings for KO · Claim quote is verbatim from the 2024Q4 earnings call.