ENXTAM:CCEPBeverage
Coca Cola Europacific Partners (ENXTAM:CCEP) Stock Price Ignores Strong Margins And Cash
Coca-Cola Europacific Partners came into this earnings day with a stock that had slipped over the past week and month, even after a solid 90 day run. The disconnect is that H1 did not read like a company under pressure. Revenue reached €10.7b and basic earnings per share came in at €2.17, with net income at €967m. The real story was margin quality. Operating margin held at 13.8% alongside healthy free cash flow, which helps explain why management felt comfortable reaffirming guidance while...