Coca-Cola Maintains Full-Year Guidance
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 firstname.lastname@example.org
(END) Dow Jones Newswires
April 19, 2021 07:39 ET (11:39 GMT)
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