Coca-Cola Europacific Partners : Strong finish to the year expected; German antitrust probe of CCEP
>Q3 2023 recap: soft, with consumers trading down - CCEP reported a soft Q3 2023 trading update, with a 3% sales miss versus consensus. CCEP realised volumes of -5% and -4.5%, respectively, for the Away From Home and the Home channels. However, the company reported 9% revenue growth per unit case, driven by headline price increases, promotional optimisation, and favourable brand mix. The company reiterated its 8-9% FY 2023 sales guidance despite YTD 2023 FX-neutral re...
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