Expects Q2 Rev to see 5-6% headwind, PBT to see 4-5% headwind as a result of expected net impact of acquisitions, Divestitures and Other Structural Items
In connection with the presentation, the Company is updating its expectations regarding the net impact of acquisitions, divestitures and other structural items on its second quarter results. These changes are driven by the completion of the Coca-Cola European Partners plc combination on May 28, 2016, approximately one month prior to previous expectations. The Company now expects these items to be a 5 to 6 point headwind on net revenues and a 4 to 5 point headwind on income before taxes in the second quarter.