Coca-Cola Enterprises Affirms 2016 Outlook - Quick Facts

(RTTNews) - While reporting its fourth-quarter financial results today, Coca-Cola Enterprises Inc. (CCE) affirmed its financial outlook for fiscal 2016.

For the first quarter of 2016, given expense timing and one fewer selling day, CCE expects comparable and currency-neutral operating income and earnings per share growth to be down slightly. Based on recent rates, currency translation would negatively impact earnings per share by about 5 percent.

For fiscal 2016, CCE affirmed its outlook and expects slightly positive growth for full-year comparable and currency-neutral net sales.

The company expects full-year 2016 free cash flow in a range of $500 million to $550 million after expected CCEP transaction cash costs of $75 million to $100 million. Capital expenditures for the year are expected to be approximately $325 million.