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Coca-Cola Enterprises Proves Resilient to European Headwinds

August 25, 2023
in Trade Tube
Reading Time: 1 min read
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Coca-Cola Enterprises, the Coca-Cola Company’s bottling spin-off, managed to overcome macroeconomic challenges afflicting its central market, Europe. In its fourth quarter, the soda giant reported revenue 6% higher to $2.03 billion. Net income of 54 cents a share beat earnings estimates by 2 cents and was 20% higher than a year earlier. Boosting sales, overall volume picked up 2.5%, driven by a 20% increase in its no-sugar alternative Coke Zero.

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