$CCEP · COCA-COLA EUROPACIFIC PARTNERS plc
Coca-Cola Europacific Partners filed a Q3 FY2026 trading update on 3 November 2026, reporting reported revenue of €5,764m (+6.5% vs prior year) and FXN revenue growth of 5.8%. Comparable volume rose 3.5% days-adjusted, driven by Europe (+2.3%) and APS (+6.3%). The company declared a second-half interim dividend of €1.42 per share and reaffirmed all FY26 guidance metrics including revenue growth of 3-4%, operating profit growth of ~7%, and free cash flow of at least €1.7bn.
- Q3 reported revenue of €5,764m, up 6.5% vs prior year; FXN revenue growth of 5.8%
- Q3 comparable volume grew 3.5% days-adjusted, with Europe +2.3% and APS +6.3%
- Energy category delivered standout Q3 volume growth of +17.3%, with YTD share gains of +200bps
- FY26 guidance reaffirmed: revenue growth 3-4%, operating profit growth ~7%, free cash flow at least €1.7bn
- Second-half interim dividend declared at €1.42/share, bringing full-year dividend to €2.24 (~50% payout ratio)
Extended-hours trading shows CCEP at $113.64, down 1.68% from the regular close of $115.58, suggesting mild post-release selling despite the guidance reaffirmation and strong Energy performance. The regular session had already gained +2.08% ahead of the filing.
CCEP's broad-based volume growth across all categories, standout Energy performance (+17.3%), and confident full-year guidance reaffirmation signal resilience despite a challenging consumer environment.
CCEP claims #1 value creator in retail among FMCG peers, with the NARTD category showing resilient YTD value +6% and volume +5%. Energy share gains of +200bps YTD underscore portfolio diversification strength versus pure sparkling peers.
Management flags a challenging consumer environment and geopolitical impacts on operating costs. The exit of Suntory alcohol distribution in Australia and NZ creates a ~0.5% FY revenue headwind, and Q4 faces six fewer consumption days vs prior year.