Coca-Cola achieved revenue of US $43 billion in 2022, up 11% year-on-year.

On February 15, Coca-Cola Company released the fourth quarter and full year financial report of 2022, which showed that in the fourth quarter, the company’s revenue was 10.125 billion dollars (about 69.139 billion yuan), up 7% year on year, exceeding the market expectation of 9.92 billion dollars; The operating profit was US $2.075 billion (about RMB14.169 billion), up 24% year on year; Earnings per share was $0.45, unchanged from the same period last year.
In the whole year of 2022, Coca-Cola’s revenue was $43004 billion (about 293.653 billion yuan), an increase of 11% year on year, exceeding the market expectation of $42.8 billion; The operating profit was US $10.909 billion (about 74.492 billion yuan), up 6% year on year; Earnings per share was $2.48, up 7% year on year.

The financial report shows that Coca-Cola’s global single box sales fell by 1% in the fourth quarter year on year, and increased by 5% year on year in the whole year. In the fourth quarter and the whole year of 2022, Coca-Cola’s value share in the non-alcoholic ready-to-drink beverage market increased, ready to drink beverage in aluminum can filling and seaming machine including the value share of home and non-home channels.
According to the single box sales of different categories, the aerated soft drinks remained flat in the fourth quarter, with an increase of 4% throughout the year; Fruit juice, dairy products and plant-based beverages decreased by 7% in the fourth quarter and increased by 3% in the whole year; Bottled water, sports drinks, coffee and tea were flat in the fourth quarter, up 6% in the whole year.
Among them, the company mentioned in its financial report that the sales volume of bottled water in a single container was flat in the fourth quarter, with an increase of 5% for the whole year
In the financial report, Coca-Cola released the performance guidance for the whole year of 2023, and it is estimated that the growth rate of organic revenue in the whole year of 2023 will be 7% – 8%.
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James Quincey, Chairman of the Board of Directors and CEO of Coca-Cola, said, “At the beginning of 2023, we continue to invest in capacity building and strengthen cooperation with bottling partners to maintain business flexibility.”
Speaking of the Chinese market, Zhan Kunjie said on the financial report conference call, “The opening of the Chinese market will have a positive impact on the business of Coca-Cola. We expect that the Chinese market will return to normal, and the sales volume may catch up with or even surpass the 2019 level.”
In the Chinese market, in 2022, Coca-Cola China, together with two major bottling partners, COFCO Coca-Cola and Taikoo Coca-Cola, continued to invest to optimize the local production capacity layout and meet the constantly upgrading consumer demand of the Chinese market. In July 2022, COFCO Coca-Cola Guizhou Plant was put into operation, which is the 20th plant of COFCO Coca-Cola and the 46th plant of Coca-Cola China system. In addition, the first aseptic fruit drink production line of COFCO Coca-Cola Huazhong Beverage Co., Ltd. and the new can production line of COFCO Coca-Cola Heilongjiang Company were put into operation last year, helping COFCO Coca-Cola continue to promote production capacity improvement and efficiency.

 


Post time: Mar-15-2023
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