Press release
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june 16, 2016 - Coca Cola
The Coca-Cola Company Updates Second Quarter Expected Net Impact of Acquisitions, Divestitures and Other Structural Items Ahead of Deutsche Bank Conference Presentation
ATLANTA, June 16, 2016 – As previously announced, James Quincey, President and Chief Operating Officer of The Coca-Cola Company, will present at the Deutsche Bank Global Consumer Conference today at approximately 2 p.m. CET (8 a.m. EDT).
In connection with the presentation, the Company is updating its expectations regarding the net impact of acquisitions, divestitures and other structural items on its second quarter results. These changes are driven by the completion of the Coca-Cola European Partners plc combination on May 28, 2016, approximately one month prior to previous expectations. The Company now expects these items to be a 5 to 6 point headwind on net revenues and a 4 to 5 point headwind on income before taxes in the second quarter.
The Company invites investors to listen to the live audiocast of the presentation at its website, www.coca-colacompany.com/investors. A replay in downloadable MP3 format will also be available within 24 hours after the audiocast on the Company’s website.
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