Coca-Cola HBC Lifts Full-Year Profit Outlook

Coca-Cola HBC, the world’s largest bottler of Coca-Cola products, has raised its full-year profit outlook, citing strong demand for its products and improved pricing.

The company said that it now expects to deliver organic revenue growth of 6-7% in 2023, up from its previous guidance of 5-6%. It also expects to deliver adjusted earnings per share of 6.90-7.10 Swiss francs, up from 6.60-6.80 francs.

“We are confident in our ability to deliver on our full-year outlook,” said Zoran Bogdanovic, CEO of Coca-Cola HBC. “We have a strong portfolio of brands, a resilient business model, and a talented team. We are well-positioned to continue to grow our business and deliver value to our shareholders.”

The company’s results were driven by strong demand for its products in all regions. In Europe, demand was boosted by the reopening of economies and the return of tourism. In North America, demand was supported by the launch of new products, such as Coca-Cola Zero Sugar Ginger Lime.

Coca-Cola HBC also benefited from improved pricing. The company said that it was able to pass on higher input costs to consumers, which helped to offset some of the impact of inflation.

The company’s results are a positive sign for the beverage industry. They suggest that consumers are still willing to spend on beverages, even in the face of rising prices. This is good news for Coca-Cola HBC and other beverage companies.

On the other hand, discover some intriguing information about Coca-Cola’s arch rival of sorts, PepsiCo and all the brands they own.