Coca-Cola Europacific Partners Revenue Rises; Backs Full-Year Guidance

Dow Jones04-25

By Najat Kantouar

Coca-Cola Europacific Partners reported a higher revenue for the first quarter boosted by strong growth, and backed its full-year guidance.

The London-listed bottling company said Thursday that revenue for the first quarter ended March 29 rose to 4.465 billion euros ($4.78 billion) from EUR4.15 billion, as sales rose 5% in Europe and 16.5% in Asia-Pacific.

The Asia-Pacific region includes Australia, New Zealand & the Pacific Islands, Indonesia and Papua New Guinea.

"Although our first quarter has set us up well for the rest of the year, it is typically our smallest. We are building on this momentum supported by fantastic activation plans, including the Paris Olympics and the UEFA Euros, to engage customers and consumers," Chief Executive Officer Damian Gammell said.

The board declared a first-half interim dividend of EUR0.74 a share, payable in May.

Looking ahead, the company maintained its full-year guidance of revenue growth around 4% and operating profit growth around 7%, in line with mid-term objectives, and free-cash flow of at least EUR1.7 billion.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

April 25, 2024 03:53 ET (07:53 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430642280?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-25 15:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430642280","market":"hk","top_or_hot":-1,"title":"Coca-Cola Europacific Partners Revenue Rises; Backs Full-Year Guidance","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Najat Kantouar \n</p>\n<pre>\n \n</pre>\n<p>\n  Coca-Cola Europacific Partners reported a higher revenue for the first quarter boosted by strong growth, and backed its full-year guidance. \n</p>\n<p>\n  The London-listed bottling company said Thursday that revenue for the first quarter ended March 29 rose to 4.465 billion euros ($4.78 billion) from EUR4.15 billion, as sales rose 5% in Europe and 16.5% in Asia-Pacific. \n</p>\n<p>\n  The Asia-Pacific region includes Australia, New Zealand &amp; the Pacific Islands, Indonesia and Papua New Guinea. \n</p>\n<p>\n  \"Although our first quarter has set us up well for the rest of the year, it is typically our smallest. We are building on this momentum supported by fantastic activation plans, including the Paris Olympics and the UEFA Euros, to engage customers and consumers,\" Chief Executive Officer Damian Gammell said. \n</p>\n<p>\n  The board declared a first-half interim dividend of EUR0.74 a share, payable in May. \n</p>\n<p>\n  Looking ahead, the company maintained its full-year guidance of revenue growth around 4% and operating profit growth around 7%, in line with mid-term objectives, and free-cash flow of at least EUR1.7 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 25, 2024 03:53 ET (07:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Europacific Partners Revenue Rises; Backs Full-Year Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoca-Cola Europacific Partners Revenue Rises; Backs Full-Year Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Najat Kantouar \n\n\n \n\n\n  Coca-Cola Europacific Partners reported a higher revenue for the first quarter boosted by strong growth, and backed its full-year guidance. \n\n\n  The London-listed bottling ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCEP","symbol_name":"可口可乐欧洲合伙","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430642280","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430642280","pubTimestamp":1714031580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Coca-Cola Europacific Partners reported a higher revenue for the first quarter boosted by strong growth, and backed its full-year guidance.The London-listed bottling company said Thursday that revenue for the first quarter ended March 29 rose to 4.465 billion euros  from EUR4.15 billion, as sales rose 5% in Europe and 16.5% in Asia-Pacific.The Asia-Pacific region includes Australia, New Zealand & the Pacific Islands, Indonesia and Papua New Guinea.\"Although our first quarter has set us up well for the rest of the year, it is typically our smallest. We are building on this momentum supported by fantastic activation plans, including the Paris Olympics and the UEFA Euros, to engage customers and consumers,\" Chief Executive Officer Damian Gammell said.The board declared a first-half interim dividend of EUR0.74 a share, payable in May.Looking ahead, the company maintained its full-year guidance of revenue growth around 4% and operating profit growth around 7%, in line with mid-term objectiv","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CCEP":"可口可乐欧洲合伙","KO":"可口可乐"},"translate_title":"可口可乐欧洲太平洋合作伙伴收入增长；支持全年指导","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCEP":1,"KO":1},"content_text":"By Najat Kantouar \n\n\n \n\n\n  Coca-Cola Europacific Partners reported a higher revenue for the first quarter boosted by strong growth, and backed its full-year guidance. \n\n\n  The London-listed bottling company said Thursday that revenue for the first quarter ended March 29 rose to 4.465 billion euros ($4.78 billion) from EUR4.15 billion, as sales rose 5% in Europe and 16.5% in Asia-Pacific. \n\n\n  The Asia-Pacific region includes Australia, New Zealand & the Pacific Islands, Indonesia and Papua New Guinea. \n\n\n  \"Although our first quarter has set us up well for the rest of the year, it is typically our smallest. We are building on this momentum supported by fantastic activation plans, including the Paris Olympics and the UEFA Euros, to engage customers and consumers,\" Chief Executive Officer Damian Gammell said. \n\n\n  The board declared a first-half interim dividend of EUR0.74 a share, payable in May. \n\n\n  Looking ahead, the company maintained its full-year guidance of revenue growth around 4% and operating profit growth around 7%, in line with mid-term objectives, and free-cash flow of at least EUR1.7 billion. \n\n\n \n\n\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 25, 2024 03:53 ET (07:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430642280"}