Coca-Cola: updates FY guidance
(CercleFinance.com) - Coca-Cola has updated its full-year guidance, now expecting comparable EPS growth of 14%-15% on a currency-adjusted basis, with organic sales growth of 12%-13%.
Again LFL in Q2, the soda giant's EPS rose 4% to 0.70 dollar, while its operating margin fell one point to 30.7% on revenue that rose by 12% to 11.3 billion dollars.
Organic sales growth reached 16%, a performance that it says was solid across all operating segments, including 12% price/mix growth as well as a 4% volume growth.
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