Coca-Cola Enterprises affirms FY13 EPS at the high end of $2.45-$2.50 range Consensus is $2.50. For 2013, CCE affirms comparable EPS at the high end of a range of $2.45-$2.50, which includes a currency benefit of approximately 2% at recent rates. Including this currency impact, CCE continues to expect comparable full-year net sales and operating income to grow in a low single-digit range versus prior year. The company expects 2013 free cash flow of approximately $500M after including a year-over-year increase in cash restructuring expenses in a range of $100M-$125M. Capital expenditures are expected to be in a range of $300M-$325M. Weighted average cost of debt is expected to be approximately 3% and the comparable effective tax rate for 2013 is expected to be in a range of 26%-27%.
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