By Anthony O. Goriainoff

Coca-Cola Europacific Partners PLC said Tuesday that revenue for the third quarter rose, and that it is raising its guidance for the year.

The beverage company said quarterly comparable revenue rose 20% to 3.95 billion euros ($4.58 billion).

The board declared a dividend for the full year of EUR1.40 a share, a 66% increase on 2020.

The company said it expects revenue comparable growth in the 29% to 30% range, up from a previous range of 26% to 28%.

Operating profit's comparable growth is now expected in the 46% to 49% range from a previous range of 40% to 44%.

"We continue to protect our business for the short-term and are confident in our ability to mitigate near-term inflationary pressures and navigate global supply chain challenges as we head into next year," Chief Executive Damian Gammell said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

11-09-21 0255ET