Coca Cola HBC AG (LSE:CCH) should unveil solid delivery on targets and even an increase in guidance when it unveils half-year results on 7 August, analysts predict.
Even with weak consumer spending in several markets, Citi sees volumes and organic sales growth meeting consensus expectations of 9.4% (Citi 10.1%).
Coupled with solid profit delivery this should allow management to raise 2024 organic growth metrics on sales and organic EBIT growth to a 9% to 12% range guidance.
But, after a good run recently, the shares reflect this, adds the US bank.
Jefferies, too, expects around 9% first-half organic growth, though it sees the price mix easing in developed markets.
"After several years of very strong revenue per case growth, the second quarter should represent a step towards more normalised levels of price/mix within the Established and Developed Divisions, albeit offset by strong price/mix trends in the Emerging Division."