One thing that has struck me in the reporting season so far is how bullish some of the company revenue targets are for 2022. We had PepsiCo come out with a 6% guidance, only to be beaten shortly afterwards by The Coca-Cola Co at 7%-to-8%. This was then closely matched by the largest Coke bottler, Coca-Cola Europacific Partners, at 6%-to-8%.
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