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Earnings Call Summary | Coca-Cola Europacific(CCEP.US) Q1 2024 Earnings Conference

Futu News ·  Apr 27 16:05  · Conference Call

The following is a summary of the Coca-Cola Europacific Partners PLC (CCEP) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Coca-Cola Europacific Partners reported Q1 2024 top-line growth of 5.3%, with volume growth of 2% and revenue per case of 3.4%.

  • The company sees strong performance in Australia, Pacific, and Southeast Asia markets and marked double-digit volume growth in the Philippines.

  • The company reaffirms full-year revenue growth guidance of around 4% for 2024 and expects free cash flow generation of around €1.7 billion.

Business Progress:

  • Coca-Cola Europacific Partners continues to invest in core brands, experiencing growth in Coca-Cola trademark volumes and Monster energy drink which drives overall energy volume growth.

  • Strategic portfolio decisions continue with the transition out of the Capri-Sun brand.

  • Company plans to leverage upcoming sporting events to engage consumers.

  • A successful acquisition in the Philippines has opened up further opportunities in Indonesia.

  • There's an ongoing strategy to expand space in retailers for fast-growing brands and optimize promotional spend.

  • Potential expansion of the portfolio is being considered with brands like Body Armor.

More details: Coca-Cola Europacific IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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