Published February 11, 2025

07:11 AM EST

Scott Olson / Getty Images

Coca-Cola (KO) reported better-than-expected fourth-quarter results Tuesday, sending shares of the world’s biggest soft drink maker higher in premarket trading.

The beverage giant reported $11.54 billion in revenue, above the $10.85 billion posted a year ago and the $10.77 billion Visible Alpha consensus. Adjusted earnings per share (EPS) of $0.55 beat last year’s $0.49 and the $0.52 expectation.

Shares of Coca-Cola, which entered Tuesday up roughly 8% over the past year, rose more than 3% immediately following Tuesday’s report.

Last quarter, Coca-Cola shares lost ground as a surprise drop in unit case volumes offset better-than-expected results. Global unit case volumes grew 2% in Q4, led by a 6% gain in the Asia Pacific region.

Coca-Cola’s results come a week after rival PepsiCo (PEP) reported sales that fell short of estimates for a third consecutive quarter.

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.