Coca Cola (KO) Reaffirms Guidance, Updates Currency Outlook
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The Coca-Cola Company Updates Currency Outlook and Reaffirms Guidance, Including EPS Growth Target (Non-GAAP), in Advance of Deutsche Bank Global Consumer Conference
June 13, 2018 1:30 AM EDTATLANTA--(BUSINESS WIRE)-- In connection with a presentation at the Deutsche Bank Global Consumer Conference, The Coca-Cola Company today 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 (non-GAAP) to be in the range of 0% to 1%.
Additionally, the... More
