Coca-Cola Europacific Partners(CCEP)

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Coca-Cola Europacific Partners(CCEP) - 2023 Q4 - Annual Report
2024-03-14 16:00
United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F (MarkOne) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR ...
Coca-Cola Europacific Partners(CCEP) - 2023 Q4 - Earnings Call Transcript
2024-02-23 17:46
Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Q4 2023 Earnings Conference Call February 23, 2024 7:30 AM ET Company Participants Sarah Willett - Vice President of Investor Relations & Corporate Strategy Damian Gammell - Chief Executive Officer Nik Jhangiani - Chief Financial Officer Conference Call Participants Edward Mundy - Jefferies Matthew Ford - BNP Paribas Lauren Lieberman - Barclays Sanjeet Aujla - UBS Eric Serotta - Morgan Stanley Charlie Higgs - Redburn Atlantic Simon Hales - Citi Bonnie Herzog ...
Is Coca-Cola Europacific Partners (CCEP) Stock Outpacing Its Consumer Staples Peers This Year?
Zacks Investment Research· 2024-02-21 15:46
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Coca-Cola European (CCEP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.Coca-Cola European is one of 193 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 ...
CCEP or KO: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-02-15 17:40
Investors interested in Beverages - Soft drinks stocks are likely familiar with Coca-Cola European (CCEP) and Coca-Cola (KO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estim ...
CCEP vs. KO: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-01-30 17:41
Investors with an interest in Beverages - Soft drinks stocks have likely encountered both Coca-Cola European (CCEP) and Coca-Cola (KO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and ...
Coca-Cola Europacific Partners(CCEP) - 2023 Q3 - Earnings Call Transcript
2023-11-01 19:00
Operator Simon Hales Damian Gammell Simon Hales Damian Gammell And that was critical because as we've talked previously, we were trying to do too many things across too many categories. That led to SKU rationalization. So that 70% of our volume reduction in Indonesia has been on the back of that. So the remainder puts us on what you've called out, which is a bit of a weaker macro environment for the consumer. And that's really challenged the affordability. And that's really on the back of fuel rise, just ge ...
Coca-Cola Europacific Partners(CCEP) - 2023 Q2 - Earnings Call Presentation
2023-08-03 05:17
Done sustainably, | --- | --- | --- | --- | |-------|--------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Results for the | | | | | Six Months Ended 30 June 2023* | | | | | | | | | | 2 August 2023 *Unaudited | | | 1. those set forth in the "Risk Factors" section of CCEP's 2022 Annual Report on Form 20-F filed with the SEC on 17 March 2023 and as updated and supplemented with the additional information set forth in the "Principal Risks and Risk Fac ...
Coca-Cola Europacific Partners PLC (CCEP) H1 2023 Earnings Call Transcript
2023-08-02 22:46
Summary of Coca-Cola Europacific Partners PLC H1 2023 Earnings Conference Call Company Overview - **Company**: Coca-Cola Europacific Partners PLC (NASDAQ: CCEP) - **Date of Call**: August 2, 2023 - **Participants**: CEO Damian Gammell, CFO Nik Jhangiani, and various analysts from investment firms Key Points Financial Performance - **Revenue**: Total revenue reached €9 billion, an increase of 10.5% compared to the previous year [15] - **Operating Profit**: Comparable operating profit was €1.2 billion, up 13% [15] - **Earnings Per Share**: Comparable diluted earnings per share increased by 17% to €1.85 [15] - **Free Cash Flow**: Generated €850 million in free cash flow during the first half [16] - **Dividend**: Declared a first half interim dividend of €0.67 per share [16] Market Dynamics - **Volume Growth**: Overall reported volume increased by 1%, with strong performance in Europe (4% growth in away-from-home channel) [17] - **Pricing Strategy**: Revenue per unit case grew by 10%, driven by effective pricing strategies and promotional optimization [18] - **Geographic Performance**: Strong growth in Europe and Australia/New Zealand, while Indonesia faced a 5.5% volume decline due to SKU rationalization [17][18] Strategic Initiatives - **Acquisition**: Proposed acquisition of Coca-Cola Beverages Philippines for an enterprise value of approximately $1.8 billion, expected to enhance geographic footprint and market presence [25][33] - **Sustainability Focus**: Continued commitment to sustainability, including the use of 100% recycled PET bottles in Indonesia and clear bottles for Sprite [11][12] - **Innovation**: Ongoing investment in product innovation, particularly in low and no-calorie beverages and energy drinks [9] Future Guidance - **Revenue Growth**: Upgraded full-year revenue growth guidance to 8%-9%, up from 6%-8% [19] - **Operating Profit Growth**: Expected operating profit growth of 12%-13%, an increase from previous guidance of 6%-7% [23] - **Cost of Goods Sold**: Anticipated increase of around 8% in COGS per unit case, with commodity inflation expected to be around 8% [21][22] Market Opportunities - **Philippines Market**: The NARTD category in the Philippines is valued at around $8 billion, with a growth rate of approximately 10% per annum, presenting significant opportunities for CCEP [27][28] - **Consumer Trends**: Increasing consumer interest in low and no-sugar options, energy drinks, and alcoholic ready-to-drink products [27] Operational Insights - **Employee Engagement**: High employee engagement scores and commitment to diversity and inclusion initiatives [6] - **Supply Chain Investments**: Investments in state-of-the-art production lines and digital capabilities to enhance operational efficiency [7] Risks and Considerations - **Inflationary Pressures**: Ongoing inflation affecting margins, with a focus on maintaining affordability for consumers [20][52] - **Market Volatility**: The dynamic external environment requires continuous adaptation to consumer needs and preferences [21] Conclusion Coca-Cola Europacific Partners PLC demonstrated strong financial performance in H1 2023, with significant revenue and profit growth. The proposed acquisition of Coca-Cola Beverages Philippines is expected to enhance market presence and drive future growth. The company remains focused on sustainability, innovation, and operational efficiency while navigating inflationary pressures and market dynamics.
Coca-Cola Europacific Partners(CCEP) - 2023 Q1 - Quarterly Report
2023-04-24 16:00
FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Commission File Number 001-37791 (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) COCA-COLA EUROPACIFIC PARTNERS | --- | --- | --- | --- | --- | --- | --- | --- | |--------|---------|---------------------------------|----------------------------------|-------------------------------|-------------------------------------- ...
Coca-Cola Europacific Partners(CCEP) - 2022 Q4 - Annual Report
2023-03-17 11:47
United States Not Applicable (Translation of Registrant's name into English) England and Wales (Jurisdiction of incorporation or organization) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ, United Kingdom (Address of principal executive offices) Contact Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F (MarkOne) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...