By Colin Kellaher 
 

Coca-Cola Co. (KO) on Wednesday warned that currency impacts could reduce second-quarter and full-year comparable revenue by up to 1%, but the beverage giant affirmed its 2018 earnings guidance.

The Atlanta-based company in April had said it expected a 1% boost to revenue from currency in the second quarter and full year. Coca-Cola now expects a negative impact of 0% to 1%.

Coca-Cola also said it now expects a currency headwind on comparable operating income of about 2% in the second quarter and 2% to 3% for the full year. The company had previously flagged a headwind of 1% for both periods.

Despite the currency impact, Coca-Cola said it still expects adjusted per-share earnings growth of 8%-10% for the year. The company also reaffirmed its expectations for 2018 organic revenue growth of 4%.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

June 13, 2018 06:30 ET (10:30 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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