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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 | |
|---|---|---|---|---|---|---|---|---|
| -0.09 | -0.15% | 61.84 | 62.3991 | 61.72 | 62.18 | 11,020,479 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Coca-Cola Co. (KO) on Wednesday warned that currency impacts could reduce second-quarter and full-year comparable revenue by up to 1%, but the beverage giant affirmed its 2018 earnings guidance.
The Atlanta-based company in April had said it expected a 1% boost to revenue from currency in the second quarter and full year. Coca-Cola now expects a negative impact of 0% to 1%.
Coca-Cola also said it now expects a currency headwind on comparable operating income of about 2% in the second quarter and 2% to 3% for the full year. The company had previously flagged a headwind of 1% for both periods.
Despite the currency impact, Coca-Cola said it still expects adjusted per-share earnings growth of 8%-10% for the year. The company also reaffirmed its expectations for 2018 organic revenue growth of 4%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 13, 2018 06:30 ET (10:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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