Coca-Cola Enterprises Backs FY14 Earnings, Sales Growth Forecast - Quick Facts

(RTTNews) - Coca-Cola Enterprises, Inc. (CCE), a distributor of non-alcoholic ready-to-drink beverages, Wednesday announced that it will affirm 2014 full-year guidance at today's Deutsche Bank Global Consumer Conference in Paris.

The company continues to expect earnings per share growth of approximately 10 percent, net sales growth in a low single-digit range, and operating income growth in a mid-single-digit range.

The company said the guidance is comparable and currency neutral.

Based on recent rates, currency translation would benefit full-year 2014 earnings per share by approximately 5 percent.

Analysts polled by Thomson Reuters expect the company to report earnings of $2.91 per share for the year on 5.6 percent increase in revenues to $8.67 billion.

For fiscal 2013, Coca-Cola Enterprises' reported earnings per share was $2.44, and comparable earnings per share was $2.51 on net sales of $8.21 billion.

Coca-Cola Enterprises said it will discuss its plans and outlook with investors at the Consumer Conference.

John Brock, chairman and chief executive officer, and Nik Jhangiani, senior vice president and chief financial officer, will deliver the remarks.