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Coca-Cola Enterprises Inc Updates FY 2013 EPS Guidance; Lowers Low End Of Prior FY 2013 Sales Guidance; Reaffirms FY 2013 Operating Income Guidance


Thursday, 25 Apr 2013 07:30am EDT 

Coca-Cola Enterprises Inc announced for fiscal 2013, it expects earnings per diluted share (EPS) growth of approximately 11% to 12%, net sales to grow in a low to mid-single-digit range and operating income growth continues to be in a mid-single-digit range, both on a comparable and currency neutral basis. At recent rates, currency translation would reduce fiscal 2013 earnings per share by approximately 1% to 2%. The Company reported EPS of $2.26, revenue of $8.062 billion and operating profit of $1.017 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $8.38 billion, EPS of $2.48 and EBIT of $1.078 billion for fiscal 2013. 

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