Coca-Cola HBC Raises Revenue Forecast
Bottler Coca-Cola HBC raised its annual organic revenue growth forecast on Wednesday, driven by strong demand and strategic pricing actions. The company reported third-quarter organic revenue growth of nine percent, beating analyst estimates.
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COCA-COLA HBC AG-DI raised its annual organic revenue growth forecast to slightly above 6% to 7% on Wednesday morning, driven by pricing actions and strong beverage demand. The Switzerland-based bottling partner previously expected growth at the top end of that range. The upgraded outlook reflects resilient consumer spending across its key markets despite rising inflationary pressures.
