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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