US: Coca-Cola Enterprises reaffirms 2002 outlook
US Coke bottler, Coca-Cola Enterprises, has reaffirmed its forecasts for the 2002 fiscal year. CEO, Lowry Kline, said that the company, 40%-owned by Coca-Cola, expects to record earnings of before interest, taxes, depreciation and amortization of between US$2.33 billion and US$2.38 billion. He also predicted annual earnings per share of between 83 cents and 88 cents.
The estimates remained in line with earlier earnings guidance issued by the company. According to the Thomson/First Call poll, the average analyst prediction for earnings per share is 87 cents.
Capital expenditure at Coca-Cola Enterprises this year is estimated to be in the region of US$1 billion to US$1.05 billion, equivalent to 6% to 6.5% of revenue. Kline said in the future it would be looking to restrict capital expenditure to 6% of revenue.
Companies: Coca-Cola Enterprises
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 looks ready to axe around 170 jobs from its operations in the UK....
The president and CEO of Coca-Cola Enterprises is quitting the company....
Coca-Cola Enterprises has announced the election of five officers to its corporate and North American Business Unit management teams....
Coca-Cola Enterprises has had its rating upgraded....
Workers at Coca-Cola bottling and distribution facilities in Hartford, Connecticut and the Los Angeles area are on strike....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Diageo puts Beckham centre stage in Haig Club ad
- Smirnoff Ice gets India launch