- Zacks
Are Investors Undervaluing Coca-Cola HBC (CCHGY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Reuters
UPDATE 1-Bottler Coca-Cola HBC beats revenue estimate on strong demand
Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy and sparkling drinks. "We actually did pricing adjustments in the first quarter to actually mitigate ongoing cost inflation, but clearly this has been on a lower level than Q1 of last year," CEO Zoran Bogdanovic told Reuters on a call. The Switzerland-based company, in which U.S. beverage giant Coca-Cola owns 21%, reported a 12.6% rise in organic net sales revenue for the three months ended March 29 to 2.23 billion euros ($2.39 billion).
- Reuters
Bottler Coca-Cola HBC beats revenue estimate on strong demand
The Switzerland-based company, in which U.S. beverage giant Coca-Cola owns more than 23%, reported a 12.6% rise in organic net sales revenue for the three months ended March 29 to 2.23 billion euros ($2.39 billion). Analysts in a company-compiled consensus had expected an organic revenue growth of 9.5% in the reported quarter. Coca-Cola HBC maintained its outlook for annual organic operating profit to grow in the range of 3% to 9%, as it ramps up its investments and brand launches.
