US: Coke Bottling sales up 7% in Q4
Coca-Cola Bottling Co. Consolidated (COKE) said on a constant territory basis, net sales increased by 7% in the fourth quarter and by 4% for the full year. Volume growth was 6% for the final quarter and 4% for the full year.
Revenue per case rose marginally in the fourth quarter but fell slightly over the full year. Operating cash flow on a constant territory basis, rose by 16% in the fourth quarter and by 3% over the year. Operating cash flow was $143.4 million in 2001, compared with $141.7 million in the previous year.
Over the past 12 months, the company said it generated sufficient cash flow to reduce its debt and lease liabilities by $67 million, following a $64 million reduction in debt and lease liabilities in 2000.
With lower debt balances and falling interest rates, the company's interest expense fell by about 17%, or $9 million, in 2001. Sales in the final quarter of 2001 reached $254,347,000, compared with $237,452,000 a year ago.
Companies: Coca-Cola Bottling Co. Consolidated
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