Coca-Cola (NYSE:KO) Misses Q4 Revenue Outlook, Sales Up 3.7%

Coca-Cola (NYSE:KO) reported Q4 CY2025 revenue of $11.82 billion, up 3.7% year-on-year, but missed revenue guidance and produced non-GAAP earnings of $0.58 per share, 2.7% above consensus. Organic sales volume rose 1% in the quarter, outpacing historical averages, while flat volumes over the past two years suggest price increases accounted for much of prior organic growth. The stock fell 3.8% to $75.01 in after-hours trading. Looking ahead, 12-month revenue growth is forecast at 6% by sell-side analysts, above the sector average. Coca-Cola’s $48.07B trailing-12-month revenue highlights its scale, which provides distribution leverage but limits top-line expansion without pricing changes, innovation, or new markets.