Coca-Cola Europacific Partners' Q3 Revenue Rises, Cuts FY24 Revenue Growth Outlook

MT Newswires Live11-05

Coca-Cola Europacific Partners (CCEP) reported Q3 revenue Tuesday of 5.36 billion euros ($5.84 billion), up from 4.81 billion euros a year earlier.

Three analysts polled by Capital IQ expected 5.39 billion euros.

For FY24, the beverage company expects comparable revenue growth of 3.5%, down from a prior outlook for 4% year-over-year growth.

The company continues to expect full-year operating profit to grow 7% year-over-year.

Coca-Cola Europacific Partners' board approved an H2 interim dividend of 1.23 euros per share, payable Dec. 3 to shareholders of record as of Nov. 15.

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