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 colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 09:48 ET (13:48 GMT)

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