(BUSINESS WIRE) The Coca-Cola Company today reported another quarter of solid operating performance, capping off strong financial results for the year. While reported net revenues declined due to refranchising and currency headwinds, the company delivered organic revenue growth within its long-term target for the sixth consecutive quarter, while also gaining value share globally. Some highlights of the financial release include:
- Net revenues declined six percent to $7.1 billion for the quarter and declined 10 percent to $31.9 billion for the year.
- Fourth quarter and full year results were impacted by headwinds of 13 and 17 percent, respectively, from the combined impact of currency and the refranchising of company-owned bottling operations.
- Organic revenues (non-GAAP) grew five percent for the quarter, driven by concentrate sales growth of one percent and price/mix growth of four percent. For the year, organic revenues (non-GAAP) grew five percent, driven by concentrate sales growth of three percent and price/mix growth of two percent.
- Cash from operations for the full year was $7.3 billion, up six percent from the prior year.