Coca-Cola Europacific Partners PLC (CCEP) Reports 1H EPS of $1.85; raises guidance

Coca-Cola Europacific Partners PLC (NASDAQ: CCEP) reported 1H EPS of $1.85. Revenue for the quarter came in at $8.98 billion, versus $0 reported last year.

GUIDANCE

FY23 outlook: Revenue: comparable growth of 8-9% (previously 6-8%); Cost of sales per unit case: comparable growth of ~8% (unchanged); Operating profit: comparable growth of 12-13% (previously 6-7%); Comparable effective tax rate: ~24% (previously ~23%); Free cash flow: at least €1.7bn (previously at least €1.6bn); Capital expenditure: 4-5% of revenue excluding leases (unchanged).

For earnings history and earnings-related data on Coca-Cola Europacific Partners PLC (CCEP) click here.

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