In terms of sales, global unit case volume grew 2%, with Asia-Pacific unit case volume expanding 2%, primarily led by China and India. For 2023, the company’s revenue climbed by 6% to US$45.75bil, with operating income up 4% to US$11.31bil. Coffee grew 3% for the year, fuelled by strong performance of Costa Coffee in China and the United Kingdom. To better resonate with younger consumers, Coca-Cola Creations launched Coca-Cola Ultimate, inspired by games, and Coca-Cola Y3000 co-created with artificial intelligence technology last year. Ready-to-drink coffee has grown from 9.9 billion yuan in 2020 to 10.7 billion yuan in 2023 and is forecast to grow to 13.7 billion yuan in 2028.
Source: The Star February 22, 2024 02:24 UTC