Coca-Cola Enterprises (NYSE: CCE), which bottles Coca-Cola drinks, on Thursday raised its full-year 2009 earnings outlook, helped by a stronger brand and improvements in efficiency, according to Associated Press.
The company expects 2009 earnings between $1.56 and $1.59 per share, excluding special items.
Coca-Cola Enterprises in October said it expected earnings between $1.54 and $1.57 per share, up from a prior forecast of $1.44 to $1.49 per share.
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Analysts polled by Thomson Reuters predict earnings per share of $1.57.
For 2010, earnings per share will rise by a percentage in the high single digits, and revenue will increase in the low single digits on growth in Europe and North America, the company said.
Coca-Cola Enterprises also said it will resume buyback programs and purchase $600 million in stock by the end of 2010, as well as seek to increase its dividend. Currently, the company is paying an annual dividend of 32 cents per share.
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