US: CCE remains upbeat on outlook
Coca-Cola Enterprises has reiterated its 2005 profit outlook. The bottler said yesterday (2 June) that it is optimistic about its business in Europe to generate solid sales in the second six months of this year.
CCE's chief financial officer, William Douglas, told investors that the company remains on target to reach its goals of 3% to 4% income growth and earnings per share in the low- to mid-US$1.30s range.
Douglas added that the company was making good progress in cost-cutting as it faces higher commodity prices and struggles with a shift by consumers away from sugary soft drinks in North America. CCE hopes a range of new products such as Full Throttle energy drink and a version of Diet Coke sweetened with Splenda will kick start sales.
While the overall market for tea in the UK has declined by some 12% over the past five years, iced tea consumption is on the rise. Annette Sessions reports on the potential for iced tea in the UK and ...
Dairy, functional and premium juices were the winners, water continued to grow, whilst carbonates and squashes lagged behind in the 2004 UK soft drinks race, according to the recently published Britvi...
A recent report on the UK soft drinks market showed that growth in non-carbonates at the expense of traditional carbonated soft drinks is much less marked in the on-premise sector than in the take-hom...
Coca-Cola Enterprises (CCE) intends to restructure its North American division, according to press reports....
Coca-Cola Enterprises has posted a strong leap in Q2 profit....
Coca-Cola Enterprises has announced the election of five officers to its corporate and North American Business Unit management teams....
Coca-Cola Enterprises (CCE) has appointed Donna A. James as a director....
Coca-Cola Enterprises has announced details of its regular quarterly dividend....
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