US: Accountancy changes affect Coca-Cola bottler's earnings
Coke bottler, Coca-Cola Enterprises (CCE), has reported a fourth-quarter loss and announced a non-cash US$302m cumulative reduction in 2001 net income due to an accounting change. CCE said the accounting change, related to past payments received from the Coca-Cola Co., would not affect its 2002 guidance of earnings per share of 80 to 85 cents. It added that the reduction would be added back into its earnings through 2008.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- The European beer market - Focus
- Trump, local spirits and the IR role - The Analyst
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Diageo, Nolets unveil latest Ketel One campaign