US: Coca-Cola Bottling Co Consolidated FY profits fall
- FY net profits drop by 4.9% to US$27.2m
- Net sales rise in 12 months to end of December by 3.4% to $1.6bn
- Operating profits up by 1.3% to $88.7m
- Volumes, market share increase
Coca-Cola Bottling Co Consolidated has reported a slight drop in full-year net profits as marketing and staffing costs offset a rise in sales.
Net profits in 2012 fell by 4.9% to US$27.2m, the North Carolina-based bottler said late yesterday (6 March). Sales in the 12-month period were up by 3.4% to $1.6bn.
Operating profits in the period edged up by 1.3% to $88.7m.
In Q4, net profits were flat at 1.8m, while sales rose by 3.7% to $386.7m. Operating profits in the three months were down by 6% to $14m.
Henry Flint, the company's president & COO, said its full-year profits were down due to “significant investments” in people, marketing and technology, but this helped grow volume and marketshare, without offering more detail.
Flint added: “We continue to innovate and evolve packaging and marketing strategies to respond to ever-changing consumer tastes.”
To read the company's full statement, click here.
- Why Chinese beverages won't conquer the world
- Can Coca-Cola fuel SABMiller's soft drinks story?
- Is “Craft” the Next Big Thing for Soft Drinks?
- Petropolis Finally Moving into SABMiller's View?
- Gin: Plymouth's from Plymouth, London's from...?
- Diageo confirms Australia abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Smirnoff tops UK shopping list - figures
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018