Coca-Cola (KO) Reports Q4 U.S. Unit Volumes Up 1% Despite Price Hikes

Coca-Cola (KO) reported global unit case volumes rose 1% in Q4 (October-December 2025), led by gains in the U.S., Japan, and Brazil, reversing several quarters of flat or declining sales. North America unit volumes increased 1%. The company raised prices 4% in North America and 1% globally during the quarter, driving revenue up 2% to $11.8 billion. Net income climbed 3% to $2.3 billion, with adjusted earnings of 58 cents per share, beating a FactSet median of $2.27. However, results missed Wall Street expectations of $12.05 billion in quarterly revenue. Shares fell nearly 4% pre-market as the leadership transition begins: James Quincey will step down as CEO to become executive chairman, with Henrique Braun succeeding him on March 31.