KO Coca Cola Company

By Dave Sebastian

Coca-Cola Co. said it expects a high-single-digit growth in organic revenue for 2021 as it laid out expectations for the year.

The soda giant Wednesday said it expects comparable per-share earnings to grow by high-single to low-double digits from $1.95 in 2020. The guidance includes a 3% to 4% currency effect based on current rates, it said.

The company said it expects free cash flow of at least $8.5 billion through cash flow from operations of at least $10 billion and capital expenditures of about $1.5 billion, excluding potential payments related to the ongoing tax litigation with the Internal Revenue Service.

For the first quarter, the company said it expects comparable EPS to include a roughly 2% currency effect, and for comparable net revenues to include little currency effect.

Shares rose 0.6% in premarket trading.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

February 10, 2021 07:33 ET (12:33 GMT)

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