The following is a summary of the Coca-Cola Europacific Partners PLC (CCEP) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Coca-Cola Europacific Partners reported Q1 2024 top-line growth of 5.3%, with volume growth of 2% and revenue per case of 3.4%.

• The company sees strong performance in Australia, Pacific, and Southeast Asia markets and marked double-digit volume growth in the Philippines.

• The company reaffirms full-year revenue growth guidance of around 4% for 2024 and expects free cash flow generation of around €1.7 billion.

Business Progress:

• Coca-Cola Europacific Partners continues to invest in core brands, experiencing growth in Coca-Cola trademark volumes and Monster energy drink which drives overall energy volume growth.

• Strategic portfolio decisions continue with the transition out of the Capri-Sun brand.

• Company plans to leverage upcoming sporting events to engage consumers.

• A successful acquisition in the Philippines has opened up further opportunities in Indonesia.

• There's an ongoing strategy to expand space in retailers for fast-growing brands and optimize promotional spend.

• Potential expansion of the portfolio is being considered with brands like Body Armor.

More details: Coca-Cola Europacific IR

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