Strong Organic Revenue Growth
The company achieved a 9% organic revenue growth in Q3 2024, despite a 1% decline in unit cases. Price/mix contributed significantly with a 10% increase, driven by pricing actions and mix enhancements.
North America Performance
North America showed robust top-line growth with a 12% increase in organic sales, driven by both price and mix improvements. Coca-Cola Trademark and fairlife were major contributors to retail sales growth.
Innovative Marketing Strategies
Coca-Cola leveraged digital marketing and experiential campaigns effectively, particularly with brands like Topo Chico and Sprite Chill, leading to significant engagement and growth.
Resilience Against Currency Headwinds
The company delivered 5% comparable EPS growth despite facing approximately 9% currency headwinds, demonstrating robust financial management.
Fairlife Success
Fairlife has become a $1 billion brand and was a key driver in North America's sales, contributing positively to the mix and overall business growth.