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Coca-Cola Europacific Partners (CCEP)
NASDAQ:CCEP
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Earnings Data
Report Date
Feb 14, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.07Last Year’s EPS
$1.86Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 07, 2024
|% Change Since: 4.07%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Neutral
CCEP delivered strong financial performance, strategic acquisitions, and sustainability achievements. However, challenges such as commodity costs, volume decline, and operational issues in certain markets remain. The sentiment is balanced with significant achievements and ongoing challenges.Company Guidance
During the CCEP earnings call for Q4 2023, guidance for 2024 focused on achieving balanced growth between volume and price/mix, with comparable revenue expected to grow around 4%. This growth is supported by strategic pricing, innovation, and promotional activities, as well as the inclusion of the Philippines, which is anticipated to contribute positively due to its high growth potential in the NARTD category. The guidance also highlighted expected COGS per unit case growth of 3% to 4%, operating profit growth of around 7%, and comparable free cash flow of approximately EUR 1.7 billion. The company emphasized ongoing investments in digital capabilities and efficiency programs, targeting incremental savings of EUR 60 million to EUR 70 million in 2024. Overall, CCEP aims to maintain affordability for consumers while driving premiumisation and leveraging opportunities in digital transformation and sustainability, positioning itself for long-term success.Strong Financial Performance
Achieved comparable revenue of EUR 18.3 billion, an increase of 8%, and operating profit growth of EUR 2.4 billion, up 13.5%.
Successful Strategic Acquisitions
Completion of the Coca-Cola Beverage Philippines acquisition, expanding CCEP's footprint and providing new growth opportunities.
Record Shareholder Returns
Paid a record dividend per share of EUR 1.84, up 9.5% versus 2022, and returned over EUR 6 billion to shareholders since 2016.
Sustainability Achievements
Achieved 55% recycled plastic content, up from 48% last year, and recognized on the CDP's A List for climate.
Digital Transformation Progress
About 85% of volume is now captured digitally, supporting the goal to become the world's most digitized bottler.
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CCEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 07, 2024 | $72.23 | $72.01 | -0.30% |
| Feb 23, 2024 | $66.73 | $66.67 | -0.09% |
| Aug 02, 2023 | $60.16 | $61.38 | +2.03% |
| Feb 16, 2023 | $52.93 | $53.46 | +1.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coca-Cola Europacific Partners (CCEP) report earnings?
Coca-Cola Europacific Partners (CCEP) is schdueled to report earning on Feb 14, 2025, Before Open Not Confirmed.
What is Coca-Cola Europacific Partners (CCEP) earnings time?
Coca-Cola Europacific Partners (CCEP) earnings time is at Feb 14, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCEP EPS forecast?
CCEP EPS forecast for the fiscal quarter 2024 (Q4) is $2.07.
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