The Coca-Cola Company updated its currency outlook
The Coca-Cola Company (KO) updated its currency outlook, while also reaffirming other previously announced guidance for 2018.
The company updated second quarter and full year 2018 expectations for currency based on current rates and including the impact of hedged positions. The company now expects the currency headwind to second quarter comparable net revenues (non-GAAP) to be in the range of 0% to 1% and expects the full year 2018 currency headwind to comparable net revenues to be in the range of 0% to 1%.
Additionally, the company now expects the currency headwind on second quarter comparable operating income to be about 2% and expects the full year 2018 currency headwind on comparable operating income to be in the range of 2% to 3%.
The company reaffirmed its remaining, previously announced full year 2018 expectations, including organic revenue (non-GAAP) growth of 4% and, despite increasing headwinds from currencies, comparable earnings per share from continuing operations growth of 8% to 10%. (dpa)
Organizations
Other news from the department business & finance

Get the food & beverage industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents

Get off to a healthy and fit start: with fish and seafood - Heroes of a high-protein diet
