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Coca-Cola Europacific Partners PLC - soft drinks bottler in over 30 markets including Australia, Germany, Great Britain and Spain - Completes second tranche of €1 billion share buyback on Thursday and launches third tranche on Friday. Both are run by Goldman Sachs Group Inc entities. The first tranche was worth €275.0 million and the second tranche €205.0 million. The third tranche is worth €255.0 million and will be completed by November 6. Up to €80.0 million of this will be conducted in London and the rest in the US. Coca-Cola Europacific Partners on Wednesday cut its annual revenue guidance despite a ‘solid’ first half. It now expects revenue growth between 3% and 4%, a downgrade from its prior expectation of 4% growth for 2025. It still expects operating profit growth of 7%. Coca-Cola EP said pretax profit in the six months to June 27 rose 21% to €1.26 billion from €1.05 billion a year before. Operating profit climbed 19% to €1.36 billion from €1.14 billion. Revenue improved 4.5% to €10.27 billion from €9.83 billion. Current stock price: 6,920.00 pence, up 0.7% in London on Friday 12-month change: up 23% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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