Coca-Cola Europacific Partners plc Announces Q3 Trading Update & Interim Dividend Declaration

Full-year targets remain unchanged as Germany's volume decline contrasts with growth across the group's other geographic divisions.

Rhea-AI Summary

Coca-Cola Europacific Partners (CCEP) reported third-quarter revenue of €5,764 million, reaffirmed its full-year guidance and declared a second-half interim dividend. Revenue rose 6.5% versus 2025, or 5.8% excluding currency movements. Reported volume increased 3.6%, while revenue per unit case rose 2.2%. Year-to-date revenue reached €16,488 million, up 5.1%; volume adjusted for additional consumption days grew 2.7%.

The company reaffirmed comparable, currency-neutral 2026 growth guidance of 3% to 4% for revenue and approximately 7% for operating profit, with comparable free cash flow of at least €1.7 billion. The €1.42-per-share dividend is payable on 3 December 2026 to holders of record on 20 November, bringing the full-year dividend to €2.24. Approximately €880 million of the €1 billion annual buyback was complete at 30 October. Germany's quarterly volume declined, while APS year-to-date value share fell 50 basis points.

29 points · 0 major

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0 major · 10 points

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Positive

• Moderate pointQ3 revenue of €5,764 million rose 6.5% versus 2025, or 5.8% excluding currency movements.
• Moderate pointReported Q3 volume rose 3.6%; year-to-date days-adjusted volume increased 2.7% versus 2025.
• Moderate point. Forward-looking: it has not happened yet and may not happen.€1 billion annual share buyback remains planned; approximately €880 million completed at 30 October.
• Minor pointYear-to-date revenue of €16,488 million increased 5.1%, or 6.0% excluding currency movements, versus 2025.
• Minor pointQ3 revenue per unit case increased 2.2% versus 2025.

24 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.2026 revenue growth guidance of 3% to 4% reaffirmed on a comparable, currency-neutral basis.
• Minor point. Forward-looking: it has not happened yet and may not happen.2026 operating profit growth guidance of approximately 7% reaffirmed on a comparable, currency-neutral basis.
• Minor point. Forward-looking: it has not happened yet and may not happen.2026 comparable free cash flow guidance remains at least €1.7 billion.
• Minor point. Forward-looking: it has not happened yet and may not happen.2026 capital expenditure planned at approximately 5% of revenue, including leases.
• Minor pointMore than 95% of FY26 commodities hedged.
• Minor pointEurope Q3 revenue of €4,436 million rose 5.8%; year-to-date revenue rose 5.8% to €12,347 million.
• Minor pointAPS Q3 revenue of €1,328 million rose 9.2%; year-to-date revenue rose 3.0% to €4,141 million.
• Minor pointFBN Q3 revenue of €1,458 million rose 5.7%; year-to-date revenue increased 6.6% to €4,319 million.
• Minor pointGermany Q3 revenue of €848 million rose 1.9%; year-to-date revenue increased 3.7% to €2,467 million.
• Minor pointGreat Britain Q3 revenue of €1,003 million rose 9.3%; year-to-date revenue increased 6.9% to €2,795 million.
• Minor pointIberia Q3 revenue of €1,127 million rose 5.8%; year-to-date revenue increased 5.6% to €2,766 million.
• Minor pointAustralia/Pacific Q3 revenue of €842 million rose 13.9%; year-to-date revenue increased 6.5% to €2,504 million.
• Minor pointSoutheast Asia Q3 revenue of €486 million rose 1.9%, or 8.8% excluding currency movements.
• Minor pointQ3 away-from-home volume increased 3.8%; home-channel volume rose 3.4%.
• Minor pointEurope year-to-date value share improved 10 basis points.
• Minor pointCoca-Cola volume increased 2.0% in Q3 and 1.5% year to date.
• Minor pointCoca-Cola Zero Sugar volume increased 9.7% in Q3 and 10.2% year to date.
• Minor pointFlavours & Mixers volume increased 1.1% in both Q3 and year to date.
• Minor pointSprite volume increased 5.9% in Q3 and 5.8% year to date.
• Minor pointWater volume increased 10.8% in Q3 and 7.9% year to date.
• Minor pointSports drinks volume increased 10.8% in Q3 and 11.4% year to date.
• Minor pointReady-to-drink tea and coffee volume increased 8.5% in Q3 and 0.9% year to date.
• Minor pointEnergy volume increased 17.3% in Q3 and 18.1% year to date; year-to-date share gained 200 basis points.
• Minor point. Forward-looking: it has not happened yet and may not happen.Currency movements expected to support full-year operating profit by approximately 30 basis points at current spot rates.

Negative

• Minor pointSoutheast Asia year-to-date revenue declined 1.8% to €1,637 million, despite 8.9% growth excluding currency movements.
• Minor pointGermany Q3 volume declined low single digits, reflecting temporary customer disruption in September.
• Minor pointAPS year-to-date value share declined 50 basis points, offsetting Europe's improvement; group share remained flat.
• Minor pointAPS year-to-date revenue per unit case declined 0.6% versus 2025.
• Minor pointFanta volume declined 1.5% in Q3 and 0.9% year to date.

5 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.2026 cost of sales per unit case expected to grow approximately 1.5% on a comparable basis.
• Minor point. Forward-looking: it has not happened yet and may not happen.Suntory distribution exits in Australia and New Zealand expected to reduce full-year group revenue by approximately 0.5%.
• Minor point. Forward-looking: it has not happened yet and may not happen.Q4 2026 has six fewer consumption days, following six extra days in Q1.
• Minor point. Forward-looking: it has not happened yet and may not happen.Currency movements expected to reduce full-year revenue by approximately 10 basis points at current spot rates.
• Minor pointOperating costs have been affected by the geopolitical situation, the company said.

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UXBRIDGE, UK / ACCESS Newswire / November 3, 2026 / Strong Q3; full-year guidance reaffirmed

						Change vs 2025
		Revenue	Volume (UC)[2]	Revenue per UC[1],[2],[3]		Volume*	Revenue per UC[1],[2],[3]	FXN[1] revenue	Revenue
Q3 2026	Europe	€4,436m	717m	€6.16		2.3%	2.9%	5.2%	5.8%
	APS	€1,328m	331m	€3.96		6.4%	1.4%	7.8%	9.2%
	CCEP	€5,764m	1,048m	€5.46		3.6%	2.2%	5.8%	6.5%
YTD 2026	Europe	€12,347m	2,025m	€6.10		4.0%	1.9%	6.0%	5.8%
	APS	€4,141m	1,064m	€4.01		6.7%	(0.6)%	6.1%	3.0%
	CCEP	€16,488m	3,089m	€5.38		4.9%	1.0%	6.0%	5.1%

Damian Gammell, Chief Executive Officer, said:

"We delivered a strong third quarter, building on our first-half performance and remaining focused on our strategic priorities. Revenue growth was well balanced, with higher volumes and solid revenue per case across our markets in the home and away-from-home channels.

"We continue to bring excitement to customers and consumers in growing categories. Our performance reflects the strength of our broad beverage portfolio, driven by rising demand for zero sugar, energy and hydration, together with strong innovation, quality in-market execution and favourable weather in Europe. We gained share in Europe, maintained momentum in Australia and the Philippines, and made further progress in Indonesia, led by sparkling drinks.

"The consumer environment remains challenging, and the geopolitical situation has impacted operating costs; however, our business remains resilient. The strength of our brands, disciplined approach to pricing and promotions across our broad pack offering, tight control of discretionary spending and continued productivity gains keep us on track to deliver our unchanged full-year guidance.

"Our performance is driving strong and profitable cash generation, supporting record investment in future growth, with a focus on AI, technology, coolers and supply chain, a growing dividend and ongoing share buybacks. We are well prepared for 2027 with great opportunities to excite consumers, grow value for customers and create value for shareholders. With the right strategy, people, execution and brand partnerships, we remain confident in our ability to create long-term shareholder value."

* Volume disclosed on a reported basis which for the YTD included six additional consumption days during Q1 versus the comparative period. On a days adjusted basis Group volumes for the YTD grew by 2.7% (Europe: +1.7%; APS: +4.4%). Volume % throughout the release refers to days adjusted movements unless otherwise stated.

All footnotes included alongside the ‘About CCEP' section

Q3 & YTD REVENUE HIGHLIGHTS[1]

Q3 Reported Revenue +6.5%; FXN +5.8%

YTD Reported Revenue +5.1%; FXN +6.0%

• #1 value creator^[5] in retail, delivering more revenue growth for our customers than any of our FMCG peers^[5]
• NARTD category^[5] remains resilient: YTD value +6% & volume +5%
• CCEP YTD value share flat led by 10bps improvement in Europe, offset by 50bps decline in APS
• Q3 transactions slightly ahead of volume growth
• Q3 Volume +3.5%^[4]; YTD +2.7%^[4],[6]
  • Q3 Volume by geography:
• Europe +2.3% reflecting great in-market execution, innovation & favourable summer weather, with outperformance in GB & IB driven by Coca-Cola Zero Sugar (Coke Zero), Sports & Energy
• APS +6.3% reflecting:
• Australia/Pacific: mid single-digit growth reflects double-digit growth in PNG & low single-digit increase in Australia, New Zealand (NZ) & Pacific Islands
• Southeast Asia (SEA): high single-digit growth, reflecting normalised growth (mid single-digit) in the Philippines & continuing encouraging strong double-digit growth in Indonesia
  • Q3 Volume by channel: Away-from-Home (AFH) +3.8%, Home +3.4%
• Europe: AFH +2.2% (YTD: +0.3%), Home +2.3% (YTD: +2.7%)
• APS: AFH +6.0% (YTD: +4.7%), Home +8.2% (YTD: +6.1%)
• Q3 revenue per unit case +2.2%^[2],[3] reflecting promotional optimisation, positive pack mix & headline pricing
• Europe: +2.9% reflecting positive brand & pack mix, headline price increases & promotional optimisation
• APS: +1.4% reflecting positive brand & pack mix, headline price increases & promotional optimisation offset by adverse geographic mix. Impact of Australia Suntory exit annualised in H1

All values are unaudited; YTD volume % refers to days adjusted movements, adjusting for six additional consumptions days in Q1'26 versus Q1'25

Q3 & YTD OTHER HIGHLIGHTS[1] & FY26 GUIDANCE[1]

Dividend

• Second half interim dividend per share of €1.42 (payable on 3 December 2026 to those shareholders of record on 20 November 2026)
• Resulting in full-year dividend per share of €2.24 maintaining annualised total dividend payout ratio of approximately 50%

FY26 guidance reaffirmed^[1]

Outlook for FY26 unchanged & reflects our current assessment of market conditions. Unless stated otherwise, guidance is on a comparable & FX-neutral basis. Based on current spot rates, FX represents a full-year headwind of ~10 basis points to revenue & tailwind of ~30 basis points to operating profit.

Revenue: growth of 3% to 4%

• Six extra days in Q1'26, six fewer in Q4'26
• Impact from exit of Suntory alcohol distribution in Australia (ended June '25) & NZ (ended Dec '25): FY impact on group revenue ~0.5%

Cost of sales per UC: comparable growth of ~1.5%

• Commodities hedged at >95% for FY26
• Concentrate directly linked to revenue per UC through incidence pricing

Operating profit: growth of ~7%

Comparable effective tax rate: ~26%

CAPEX: ~5% of revenue (including leases)

Comparable free cash flow: at least €1.7bn

Dividend payout ratio: ~50%^[7] based on comparable EPS

Share buyback: €1bn over the course of the year; ~€880m complete as at 30 October

Q3 & YTD Revenue Performance by Geography[1]

All values are unaudited; YTD volume % refer to days adjusted movements, adjusting for six additional consumptions days in Q1'26 versus Q1'25. All volume commentary refers to Q3.

	Q3				YTD
			Fx-neutral				Fx-neutral
	€ million	% change	% change		€ million	% change	% change
FBN[8]	1,458	5.7%	5.0%		4,319	6.6%	5.9%
Germany	848	1.9%	1.9%		2,467	3.7%	3.7%
Great Britain	1,003	9.3%	8.0%		2,795	6.9%	8.4%
Iberia[9]	1,127	5.8%	5.8%		2,766	5.6%	5.6%
Total Europe	4,436	5.8%	5.2%		12,347	5.8%	6.0%
Australia / Pacific[11]	842	13.9%	7.2%		2,504	6.5%	4.1%
Southeast Asia[12]	486	1.9%	8.8%		1,637	(1.8)%	8.9%
Total APS	1,328	9.2%	7.8%		4,141	3.0%	6.1%
Total CCEP	5,764	6.5%	5.8%		16,488	5.1%	6.0%

FBN^[8]

• Low single-digit volume increase in Q3 driven by good growth in France, Netherlands & Belux.
• Coca-Cola TM strong volume growth led by Coke Zero & supported by solid performance of Zero Caffeine.
• Double-digit volume growth in Monster driven by innovation, distribution gains & new listings.
• Strong volume growth in Chaudfontaine & Powerade supported by great FIFA World Cup activation & favourable weather.
• YTD revenue/UC^[10] growth reflects headline price increases, positive pack mix (e.g. growth in small packs) & brand mix from growth of Energy.

Germany

• Low single-digit volume decline in Q3 reflects mid single-digit growth in July & August, offset by temporary customer disruption in September.
• Coca-Cola TM & Flavour volumes grew mid single-digit in July & August, driven by Coke Zero, Zero Caffeine & Sprite supported by the new Sprite Chill variant.
• Q3 Monster delivered double-digit volume growth, driven by Ultra & Juiced ranges.
• YTD revenue/UC^[10] growth driven by positive brand & pack mix (e.g. Monster, small PET) & Q3 headline price increase.

Great Britain

• Q3 mid single-digit volume increase with good growth in Home & AFH reflecting great FIFA World Cup activation & favourable summer weather.
• Coca-Cola TM solid volume growth across Coke Original Taste, Zero & Diet, supported by 500ml cans, Zero Caffeine & flavour innovation.
• High single-digit volume increase in Monster supported by distribution gains & innovation e.g. Viking Berry & Ultra Vice Guava.
• Strong volume growth in Powerade driven by new packs, flavour extensions & activation. Smartwater volume growth driven by new listings & favourable weather.
• YTD revenue/UC^[10] growth reflects headline price increase, promotional optimisation & positive brand mix from Energy offset partly by Water.

Iberia^[9]

• Q3 mid single-digit volume growth, driven by both channels.
• Good volume growth in Coca-Cola TM driven by strong performance in Coke Zero. Good Flavours volume growth driven by Sprite.
• Greater distribution & activation drove high single-digit growth in Powerade & Aquarius, supported by Peach variant.
• Double-digit Fuze Tea volume growth supported by launch of mint variant.
• Monster delivered strong double-digit volume growth, driven by the Ultra & Juiced ranges.
• YTD revenue/UC^[10] growth driven by headline price increase & positive brand mix from Energy partly offset by negative channel & pack mix from growth in QSR.

Australia / Pacific^[11]

• Q3 mid single-digit volume increase driven by growth in all markets (PNG growing double-digit) & across Home & AFH supported by strong execution (e.g. FIFA World Cup in July & Australian National Rugby League (NRL) finals in September).
• Volume growth in Coca-Cola TM driven by double-digit increase in Coke Zero. Flavours performed strongly, driven by volume growth in Sprite Zero & Kirks in Australia.
• Energy volumes grew double-digit reflecting growth in multipacks, new variants (e.g. Juiced Bad Apple) & continued strength in original Ultra White.
• YTD revenue/UC^[10] growth reflects impact of Suntory exit in Australia (annualised in H1) & NZ. Excluding alcohol, revenue/UC grew low single-digit, supported by headline price increase in Australia & favourable brand & pack mix from continued growth of small packs & Energy partly offset by growth in Coffee.

Southeast Asia^[12]

• High single-digit volume growth reflecting strong double-digit growth in Indonesia & solid mid single-digit growth in the Philippines.
• Coca-Cola TM volume growth in the Philippines driven by continued strength of Coke Original Taste & double-digit increase in Coke Zero. Growth also reflects double-digit increase in Wilkins Pure water supported by QSR listings & growth in Sprite Zero.
• In Indonesia, sparkling volume growth driven by Coke Zero & Sprite supported by innovation (Coke Zero Vanilla & Sprite Nipis Mint), more affordable smaller packs & the new route-to-market model. Encouraging early performance, including share gains, from the H1 launch of Powerade in the growing Sports category.
• YTD revenue/UC^[10] growth driven by headline price increases in the Philippines offset partly by affordability investments in Indonesia & adverse mix from growth in Water in both markets.

Q3 & YTD Volume Performance by Category[1],[4],[6]

All values are unaudited; YTD volume % refer to days adjusted movements, adjusting for six additional consumptions days in Q1'26 versus Q1'25

	Q3			YTD
	% of Total	% Change		% of Total	% Change
Coca-Cola®	57.6%	2.0%		58.2%	1.5%
Flavours & Mixers	20.9%	1.1%		21.3%	1.1%
Water, Sports, RTD Tea & Coffee[13]	13.3%	10.3%		12.4%	7.2%
Other inc. Energy	8.2%	10.5%		8.1%	8.8%
Total	100.0%	3.5%		100.0%	2.7%

Coca-Cola^®

Q3: +2.0%; YTD: +1.5%

• Solid growth driven by Zero Sugar (Q3: +9.7%; YTD: +10.2%) supported by the launch of 500ml cans & Zero Caffeine in new black & gold packaging. All underpinned by great local activation & execution (e.g. FIFA World Cup & NRL in Australia).
• Improved Diet Coke performance driven by mid single-digit growth in GB supported by new Cherry flavour, 500ml cans & relaunch of 'This is My Taste' campaign.

Flavours & Mixers

Q3: 1.1%; YTD: 1.1%

• Sprite Q3 +5.9% & YTD +5.8%. Strong performance in Europe & APS supported by launch of Sprite Chill in Europe, Nipis Mint in Indonesia & limited-edition flavours in GB. Also reflects further distribution gains, the launch of 500ml cans & the new partnership with National Basketball Association.
• Fanta Q3 -1.5% (YTD: -0.9%) performance supported by new flavours (e.g. Mango, Grape & Lychee). New Halloween horror collection campaign activated towards end of quarter.

Water, Sports, RTD Tea & Coffee^[13]

Q3: 10.3%; YTD: 7.2%

• Water Q3 +10.8% (YTD: +7.9%) driven by new listings & favourable summer weather in Europe (e.g. Smartwater in GB, Chaudfontaine in FBN, Vio in Germany) & continued growth of Wilkins Pure in the Philippines.
• Q3 Sports +10.8% (YTD: +11.4%) driven by Aquarius in Spain & strong growth in Powerade driven by FIFA World Cup activation, new flavours (e.g. Sour Grape & Peach in Australia) & new pack formats.
• Q3 RTD Tea & Coffee +8.5% (YTD +0.9%) driven by Fuze Tea in Spain & new larger pack formats in France.

Other inc. Energy

Q3: +10.5%; YTD: +8.8%

• Energy +17.3% in Q3 (YTD: +18.1%) driven by innovation (e.g. Viking Berry, Bad Apple in Australia, Nitro Blue in GB), distribution gains (including more coolers), growth in multipacks & continued strength of original variants e.g. Juices & Ultra White. Energy share +200bps YTD.
• ARTD momentum continued e.g. Absolut Sprite grew double-digit in GB. New launch of ‘Double Vodka Aussie Style Passionfruit' in Australia.

Conference Call

• 3 November 2026 at 12:00 GMT, 13:00 CET & 7:00 a.m. EST; accessible via www.cocacolaep.com
• Replay & transcript will be available at www.cocacolaep.com as soon as possible

Dividend

• The CCEP Board of Directors declared a second half interim dividend of €1.42 per share. The interim dividend is payable on 3 December 2026 to those shareholders of record on 20 November 2026.
• CCEP will pay the interim dividend in euros to holders of shares on Euronext Amsterdam, the Spanish Stock Exchanges & London Stock Exchange. Other publicly held shares will be converted into an equivalent US dollar amount using exchange rates issued by WM/Reuters taken at 16:00 GMT on 3 November 2026. This translated amount will be posted on our website here: https://https://www.cocacolaep.com/investors/shareholdercenter/dividends/

Financial Calendar

• Q4 & FY 2026 Results: 18 February 2027
• Financial calendar available here: https://www.cocacolaep.com/investors/financialcalendar/

Contacts

Investor Relations
Sarah Willett	Matt Sharff	Samina Khan	Dimitar Todorchev
sarah.willett@ccep.com	msharff@ccep.com	skhan@ccep.com	dtodorchev@ccep.com
Media Relations Contacts
mediaenquiries@ccep.com

About CCEP

Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move & sell some of the world's most loved brands - serving nearly 600 million consumers & helping over 4 million customers across 31 countries grow. We combine the strength & scale of a large, multi-national business with an expert, local knowledge of the customers we serve & communities we support. The Company is currently listed on Euronext Amsterdam, NASDAQ, London Stock Exchange & on the Spanish Stock Exchanges, & a constituent of both the Nasdaq 100 & FTSE 100 indices, trading under the symbol CCEP (ISIN No.GB00BDCPN049).

For more information about CCEP, please visit www.cocacolaep.com & follow CCEP on LinkedIn

___________________

1. Refer to ‘Note regarding the presentation of alternative performance measures' for further details & to ‘Supplementary Financial Information' for a reconciliation of reported to comparable results; Change percentages against prior year equivalent period unless stated otherwise

2. A unit case equals approximately 5.678 litres or 24 8-ounce servings

3. Comparable & FX-neutral

4. Comparable volume growth rates are calculated on an Average Daily Sales (ADS) basis

5. External data sources: Nielsen & IRI Period 9 YTD

6. Adjusted for consumption days shift with six additional consumption days YTD'26 versus YTD'25

7. Dividends subject to Board approval

8. Includes France, Monaco, Belgium, Luxembourg, the Netherlands, Norway, Sweden & Iceland

9. Includes Spain, Portugal & Andorra

10. Revenue per unit case

11. Includes Australia, New Zealand, the Pacific Islands & Papua New Guinea

12. Includes Philippines & Indonesia

13. RTD refers to ready to drink

Forward-Looking Statements

This document includes "forward-looking statements" within the meaning of the securities laws of certain jurisdictions, including "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Such statements include estimates or projections concerning the financial condition, performance, results, guidance and outlook, dividends, consequences of mergers, acquisitions, joint ventures, divestitures, strategy and objectives of Coca-Cola Europacific Partners plc and its subsidiaries (together CCEP or the Group). Generally, the words "ambition", "target", "aim", "believe", "expect", "intend", "estimate", "anticipate", "project", "plan", "seek", "may", "could", "would", "should", "might", "will", "forecast", "outlook", "guidance", "possible", "potential", "predict", "objective" or the negatives of these terms and similar expressions identify forward-looking statements, which generally are not historical in nature.

Forward-looking statements are subject to certain risks that could cause actual results to differ materially. Forward-looking statements are based upon various current assumptions as well as CCEP's historical experience and present expectations or projections. As a result, undue reliance should not be placed on forward-looking statements, which speak only as of the date on which they are made. Factors that, in CCEP's view, could cause such actual results to differ materially from forward-looking statements include, but are not limited to: changes in the marketplace; changes in relationships with large customers; adverse weather conditions; importation of other bottlers' products into our territories; deterioration of global and local economic and political conditions; increases in costs of raw materials; changes in interest rates or debt rating; deterioration in political unity within the European Union; defaults of or failures by counterparty financial institutions; changes in tax law in countries in which we operate; additional levies of taxes; waste and pollution, health concerns perceptions, and recycling matters related to packaging; global or regional catastrophic events; cyberattacks against us or our customers or suppliers; technology failures; initiatives to realise cost savings; miscalculation of our need for infrastructure investment; executing on our acquisition strategy; costs, limitations of supplies, and quality of raw materials; maintenance of brand image and product quality; managing workplace health, safety and security; water scarcity and regulations; climate change and legal and regulatory responses thereto; other legal, regulatory and compliance considerations; anti-corruption laws, regulations, and sanction programmes; legal claims against suppliers; litigation and legal proceedings against us; changes in our foreign private issuer status; attracting, retaining and motivating employees; our relationship with TCCC and other franchisors; and differing views among our shareholders. For more information on risks affecting our financial performance and condition and operating results, consult the "Risk Factors" section of CCEP's 2025 Annual Report on Form 20-F filed with the SEC on 13 March 2026 and in our H1 2026 Financial Results on Form 6-K filed with the SEC on 4 August 2026.

Due to these risks, CCEP's actual future financial condition, results of operations, and business activities, including its results, dividend payments, capital and leverage ratios, growth, including growth in revenue, cost of sales per unit case and operating profit, free cash flow, market share, tax rate, efficiency savings, achievement of sustainability goals, including net zero emissions and recycling initiatives and capital expenditures, may differ materially from the plans, goals, expectations and guidance set out in forward-looking statements. These risks may also adversely affect CCEP's share price. CCEP does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable rules, laws and regulations. All forward looking statements contained in this document are expressly qualified by the cautionary statements in this section.

Note Regarding the Presentation of Alternative Performance Measures

We use certain alternative performance measures (non-IFRS performance measures) to make financial, operating and planning decisions and to evaluate and report performance. We believe these measures provide useful information to investors and as such, where clearly identified, we have included certain alternative performance measures in this document to allow investors to better analyse our business performance and allow for greater comparability. To do so, we have excluded items affecting the comparability of period-over-period financial performance as described below. The alternative performance measures included herein should be read in conjunction with and do not replace the directly reconcilable IFRS measures.

For purposes of this document, the following terms are defined:

‘‘As reported'' are results extracted from our unaudited consolidated financial statements.

"Comparable'' is defined as results excluding items impacting comparability, such as restructuring charges. Comparable volume is also adjusted for consumption days.

‘‘Fx-neutral'' or "FXN" is defined as period results excluding the impact of foreign exchange rate changes. Foreign exchange impact is calculated by recasting current year results at prior year exchange rates.

‘‘Capex'' or "Capital expenditures'' is defined as purchases of property, plant and equipment and capitalised software, plus payments of principal on lease obligations, less proceeds from disposals of property, plant and equipment. Capex is used as a measure to ensure that cash spending on capital investment is in line with the Group's overall strategy for the use of cash.

‘‘Comparable free cash flow'' is defined as net cash flows from operating activities less capital expenditures (as defined above) and net interest payments, adjusted for items that are not reasonably likely to recur within two years, nor have occurred within the prior two years. Comparable free cash flow is used as a measure of the Group's cash generation from operating activities, taking into account investments in property, plant and equipment, non-discretionary lease and net interest payments while excluding the effects of items that are unusual in nature to allow for better period over period comparability. Comparable free cash flow reflects an additional way of viewing our liquidity, which we believe is useful to our investors, and is not intended to represent residual cash flow available for discretionary expenditures.

‘‘Dividend payout ratio'' is defined as dividends as a proportion of comparable profit after tax.

Additionally, within this document, we provide certain forward-looking non-IFRS financial information, which management uses for planning and measuring performance. We are not able to reconcile forward-looking non-IFRS measures to reported measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability throughout year.

Supplemental Financial Information - Revenue - Reported to Comparable

Revenue

Revenue CCEP In millions of €, except per case data which is calculated prior to rounding. FX impact calculated by recasting current year results at prior year rates.	Third Quarter Ended				Nine Months Ended
	2 Oct 2026	26 Sept 2025	% Change		2 Oct 2026	26 Sept 2025	% Change
As reported	5,764	5,410	6.5%		16,488	15,684	5.1%
Adjust: Impact of fx changes	(39)	n/a	n/a		137	n/a	n/a
Fx-neutral	5,725	5,410	5.8%		16,625	15,684	6.0%
Revenue per unit case	5.46	5.34	2.2%		5.38	5.33	1.0%

Revenue Europe
As reported	4,436	4,194	5.8%		12,347	11,665	5.8%
Adjust: Impact of fx changes	(22)	n/a	n/a		13	n/a	n/a
Fx-neutral	4,414	4,194	5.2%		12,360	11,665	6.0%
Revenue per unit case	6.16	5.98	2.9%		6.10	5.99	1.9%

Revenue APS
As reported	1,328	1,216	9.2%		4,141	4,019	3.0%
Adjust: Impact of fx changes	(17)	n/a	n/a		124	n/a	n/a
Fx-neutral	1,311	1,216	7.8%		4,265	4,019	6.1%
Revenue per unit case	3.96	3.91	1.4%		4.01	4.03	(0.6)%

Volume

Comparable Volume - Consumption Day Shift CCEP In millions of unit cases. Average daily sales data calculated prior to rounding.	Third Quarter Ended				Nine Months Ended
	2 Oct 2026	26 Sept 2025	% Change		2 Oct 2026	26 Sept 2025	% Change
Volume	1,048	1,012	3.6%		3,089	2,944	4.9%
Consumption days	91	91	n/a		275	269	n/a
Average Daily Sales	11.52	11.12	3.5%		11.23	10.94	2.7%

Comparable Volume - Consumption Day Shift Europe
Volume	717	701	2.3%		2,025	1,947	4.0%
Consumption days	91	91	n/a		275	269	n/a
Average Daily Sales	7.88	7.71	2.3%		7.36	7.24	1.7%

Comparable Volume - Consumption Day Shift APS
Volume	331	311	6.4%		1,064	997	6.7%
Consumption days	91	91	n/a		275	269	n/a
Average Daily Sales	3.64	3.42	6.3%		3.87	3.71	4.4%

The calculation of comparable volume growth has been updated and is now based on consumption days (previously selling days), consistent with how management reviews volume performance. Comparable volume growth is calculated based on Average Daily Sales (ADS), dividing reported volumes by consumption days for each respective period.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Coca-Cola Europacific Partners plc

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is CCEP's second-half 2026 dividend and when is it paid?

CCEP's second-half interim dividend is €1.42 per share, payable on 3 December 2026 to shareholders of record on 20 November 2026. This brings the full-year dividend to €2.24 per share, maintaining an annualised total dividend payout ratio of approximately 50%.

What is CCEP's reaffirmed 2026 financial guidance?

CCEP expects 3% to 4% revenue growth and approximately 7% operating profit growth on a comparable, currency-neutral basis. Comparable free cash flow guidance remains at least €1.7 billion, with capital expenditure of approximately 5% of revenue, including leases.

In what currency will CCEP pay its second-half 2026 dividend?

CCEP will pay the dividend in euros to holders on Euronext Amsterdam, the Spanish Stock Exchanges and London Stock Exchange. Payments for other publicly held shares will be converted into US dollars using WM/Reuters exchange rates taken at 16:00 GMT on 3 November 2026.