Business
CCL) share price is in focus today
The Coca-Cola Amatil Ltd (ASX: CCL) share price is one to watch today after the company announced updated earnings guidance this morning.
Why is the Coca-Cola Amatil share price on watch?
The Aussie bottling group provided an initial, unaudited trading update for Q4 2020 and the full year ended 31 December 2020 (FY20). Coca-Cola is expecting to deliver FY20 ongoing earnings before interest and tax (EBIT) before non-trading items down 13.9% on FY19 to $550.7 million.
Group managing director Alison Watkins said the group saw “strong trading performance” in the Q4 2020 Christmas period. That was especially the case in the Australian grocery channel with broader strong performance in New Zealand.
“Month to month volatility”…
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