Coca-Cola Expects FX Tailwind to Boost Full-Year Earnings -- Currency Comment
21 Luglio 2021 - 3:49PM
Dow Jones News
By Paulo Trevisani
Coca-Cola Company said Wednesday it expects a currency tailwind
to help increase 2021 earnings, after favorable foreign exchange
rates boosted second-quarter results.
Currency rates were responsible for five points of the second
quarter's 61% growth in adjusted earnings per share, the
Atlanta-based beverage company said.
Over the second quarter, WSJ Dollar Index declined 0.7%.
Coca-Cola expects adjusted earnings growth of 13% to 15% this
year, from $1.95 a share in 2020, including "a 2% to 3% currency
tailwind based on the current rates and including the impact of
hedged positions."
Coca-Cola expects organic revenue growth of 12% to 14%, with a
1% to 2% boost from forex rates.
In the third quarter, the company expects adjusted earnings per
share to include a 3% to 4% currency tailwind.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
July 21, 2021 09:45 ET (13:45 GMT)
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