By Colin Kellaher
Coca-Cola Co. on Tuesday said foreign-exchange gave a boost to earnings in the third quarter but will likely weigh on results next year.
The Atlanta soft-drinks giant said its third-quarter adjusted per-share earnings rose 18%, including the impact of a 3-point currency tailwind.
The company said its consolidated operating income rose 26%, including items impacting comparability and a 4-point currency tailwind.
Looking ahead, Coca-Cola said it expects full-year adjusted EPS growth of 15% to 17%, reflecting a 2% to 3% currency tailwind based on current rates and including the impact of hedged positions.
For 2022, Coca-Cola said it expects comparable net revenue and adjusted EPS to include a roughly 2% to 3% currency headwind based on current rates and including the impact of hedged positions.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires