US: Coca-Cola Enterprises reaffirms guidance

By just-drinks.com editorial team | 9 September 2009

Coca-Cola Enterprises has predicted that full-year earnings will hit the higher end of its guidance range, following a solid third quarter.

The soft drinks bottler reaffirmed its earnings per diluted share guidance range of US$1.44 to $1.49, following "slightly favourable" business trends in the third quarter of calendar 2009.

The group provided the update ahead of its presentation to the Barclays Back-To-School Consumer Conference today. Coca-Cola Enterprises chairman and CEO John Brock and executive vice president and CFO Bill Douglas are due to speak at 13h30 Eastern Time.

The bottler recently reported a swing back to profits in its second quarter of the year.

Sectors: Soft drinks, Water

Companies: Coca-Cola Enterprises