2024-03-11 06:55:06 ET
Summary
- Coca-Cola Europacific Partners reported strong decent results indicating recovery in consumer demand and improving unit economics.
- CCEP's FY24 volume and pricing outlook is favorable, and the inclusion of the Philippines business unit is expected to drive topline growth.
- Management's guidance for FY24 revenue growth and EBIT growth seems achievable, with potential upside from sporting events and pricing tailwinds.
Investment Action
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Coca-Cola Europacific Partners: Upside Still Remains Attractive