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Share Name Share Symbol Market Type
Coca Cola Company NYSE:KO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.32 0.59% 54.83 55.10 54.69 54.90 11,722,835 01:00:00

Coca-Cola Maintains Full-Year Guidance

19/04/2021 12:54pm

Dow Jones News


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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.

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