By Dave Sebastian

 

Coca-Cola Co. is keeping its full-year guidance, with some adjustments, as it sees improvements in markets where vaccine availability is increasing, Chief Executive James Quincey said.

The company on Monday said it expects full-year comparable per-share earnings to rise by a high-single-digit to a low-double-digit percentage over 2020 on high-single-digit growth in organic revenue. Coca-Cola, in its updated guidance, said it sees a 2% to 3% currency effect on comparable per-share earnings based on current rates and including the effect of hedged positions, and 1% to 2% for comparable net revenues.

For the second quarter, the company said it expects a roughly 5% to 6% currency effect on comparable per-share earnings based on current rates and including the effect of hedged positions, and about 3% to 4% for comparable net revenues.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

April 19, 2021 07:39 ET (11:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.