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Coca-Cola Europacific Partners PLC Reaffirms Growth Strategy Amid Stock Gain
Coca-Cola Europacific Partners PLC Reaffirms Growth Strategy Amid Stock Gain
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Coca-Cola Europacific Partners PLC (CCEP) saw its stock rise 1.60% to $88.30 on May 16, buoyed by management’s reaffirmation of mid-term growth targets during a Capital Markets Event in Manila. The company maintains its guidance for 4% revenue growth and 7% operating profit expansion, signaling confidence in its scalable productivity and technology investments.
Chair SOL Daurella and CEO Damian Gammell outlined a vision focused on sustained cash generation, targeting over €1.7B in comparable free cash flow. Shareholders can expect consistent returns, with dividend payouts remaining at approximately 50% of earnings and ROIC growing by 50 basis points annually.
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