While reporting its second-quarter financial results today, Coca-Cola European Partners plc or CCEP (CCE) affirmed its outlook for full-year 2018 earnings and revenue growth.
CCEP affirmed its full-year 2018 guidance for comparable and fx-neutral diluted earnings per share growth of between 6 percent and 7 percent when compared to 2017 comparable results, and revenue growth in a low single-digit range.
This revenue growth guidance excludes the accounting impact of incremental soft drinks industry taxes. These taxes are expected to add about 2 percent to 3 percent to revenue growth and approximately 4 percent to cost of goods growth.
The company raised its full-year guidance for free cash flow to a range of 900 million euros to 950 million euros, including the expected benefit from improved working capital offset by the impact of restructuring and integration costs.
by RTTNews Staff Writer
Source: Read Full Article