Coca-Cola Updates Q4 Currency Expectations

17-Nov-2015 - USA

beverages giant Coca-Cola Co. (KO) updated its expectations regarding the impact currency will have on its fourth-quarter results, ahead of the Morgan Stanley Global Consumer and Retail Conference today.

Coca-Cola now expects currency to be a 7 point headwind on net revenues, a 13 point headwind on operating income and an 11 point headwind on income before taxes in the fourth quarter.

The company said its previously announced expectations regarding fourth-quarter comparable currency neutral earnings per share growth remains unchanged. (dpa) 

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