Coca-Cola updates guidance ahead of conference talk

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© Reuters.  Coca-Cola updates guidance ahead of conference talk© Reuters. Coca-Cola updates guidance ahead of conference talk

  • Coca-Cola (NYSE:KO) issues an update ahead of its presentation at the Deutsche Bank (DE:DBKGn) Global Consumer Conference.
  • The company expects a currency headwind for both Q2 and FY18 comparable net revenue to be in the range of 0% to 1%
  • Additionally, the company now expects the currency headwind on Q2 comparable operating income to be approximately 2% and expects the full year 2018 currency headwind on comparable operating income to be in the range of 2% to 3%.
  • The company reaffirms its other previously announced full year 2018 expectations, including organic revenue growth of 4%. Despite the currency pressure, comparable EPS from continuing operations is expected to rise 8% to 10% this year.
  • Source: Press Release
  • Now read: Shareholder Yield: Coke Vs. Pepsi

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