Coca-Cola anticipates weaker growth as pricing increases level off.
The demand for Coca-Cola products was unaffected by higher costs in the fourth quarter, according to the company, although slower growth is anticipated going forward as inflation slows and price rises level out. The Atlanta-based business said on Tuesday that it anticipates 7% to 8% organic revenue growth this year, which would be half the 16% growth it achieved in 2022.The increase in prices was a significant factor in Coke’s revenue growth over the previous year as it attempted to offset the increased expenses of raw materials, labour, and transportation. While concentrate sales increased 2%, pricing and mix, which includes changes in package sizes, contributed 12% to revenue growth in the fourth quarter.