Bottler Coca-Cola Europacific Partners flags cost pressures, keeps outlook

Nov 3 (Reuters) - Bottling ‌firm Coca-Cola ​Europacific ​Partners on Tuesday flagged cost pressures from ongoing geopolitical tensions, but ‌said its business remains resilient thanks ⁠to pricing, tight spending controls and productivity gains.

• ‌Shares of the company, ‌a bottler for Coca-Cola's beverages across Western Europe, Australia, New Zealand and parts ​of Asia-Pacific, were down 2.5% in early trade

• The company did not provide ⁠details on how its operating costs were affected or ​by how much, but left its full-year outlook unchanged

• The Iran war ​has driven up energy, raw ‌material and freight costs and pressured businesses globally

• The company ⁠said it had hedged more than 95% of its commodity requirements for 2026

• Its third-quarter ⁠revenue rose 6.5% to €5.76 billion ($6.45 billion), supported by a ​3.5% increase in volumes, driven by demand for zero-sugar, energy and hydration drinks

• "We are well prepared ‌for 2027 with great opportunities to excite consumers, grow value for ‌customers and create value for shareholders," ⁠CEO Damian Gammell said ‌in a ​statement

($1 = 0.8937 euros)

(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu ‌Sahu)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• DuPont raises full-year profit forecasts on strong healthcare, aerospace demand
• Berkshire-owned utility's wildfire lawsuits head to Oregon Supreme Court
• Samsung to make AMD, Nvidia chip parts at second Texas plant, Maeil Business reports