Coca-Cola Europacific shares lose fizz after interim results

Coca-Cola Europacific Partners PLC (LSE:CCEP, NASDAQ:CCEP) was deed by profit-taking aft the drinks bottler reported higher first-half nett and reaffirmed its full-year guidance.

The shares fell 4.3% to 7,710p, having deed an all-time precocious successful the run-up to the interim results. 

Revenue accrued 4.4% to €10.7 billion successful the six months to 3 July, oregon 6.1% connected a comparable currency-neutral basis. Reported operating nett roseate 6.9% to €1.5 billion, portion diluted net per stock climbed 9.1% to €2.17.

However, second-quarter gross maturation slowed to 2.5%, oregon 3.3% excluding currency movements. Revenue per portion lawsuit edged up conscionable 0.1%, adjacent arsenic volumes grew 3.2% aft adjusting for trading days.

In Europe, quarterly volumes accrued 2.3%, supported by warmer upwind successful June and the company's FIFA World Cup selling campaign. Asia-Pacific volumes roseate 5%, driven by the Philippines and a betterment successful Indonesia.

Chief enforcement Damian Gammell said the user situation remained challenging, portion the afloat interaction of the struggle successful the Middle East was uncertain.

The radical retained its guidance for currency-neutral gross maturation of betwixt 3% and 4% successful the 2026 fiscal year, alongside operating nett maturation of astir 7%.

It besides continues to expect escaped currency travel of astatine slightest €1.7 billion. Coca-Cola Europacific Partners has completed €593 cardinal of its planned €1 cardinal stock buyback.