Coca-Cola Europacific Partners lifts full-year guidance following 'solid' Q3 results

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Coca-Cola Europacific Partners raised its full-year guidance following 'sold' third-quarter results as revenue was boosted by the lifting of pandemic restrictions.

For the third quarter, revenue was up 24% to €3.95 billion from a year earlier.

The company declared FY21 dividend per share of €1.40, up 64.5% versus last year and 13.0% higher versus 2019.

Looking ahead, operating profit was expected to grow in a range of 46% to 49%, up from from prior guidance of 40% to 44%.

Revenue was expected to grow 29% to 30%, up from 26% to 28%.