• Year-to-date net profits leap by 93% to US$54.7m
  • Sales in nine months to end of September rise by 29.2% to $1.69bn
  • Operating profits up by 15.4% to $82.9m
  • Q3 net profits jump by 110% to $25.6m on divestment one-off
  • Sales in three months to end of September climb by 35.2% to $618.8m
  • Quarterly operating profits dip by 2.7% to $27.7m
Coca-Cola Bottling Co Consolidated has seen its year-to-date boosted by its distribution expansion in the US

Coca-Cola Bottling Co Consolidated has seen its year-to-date boosted by its distribution expansion in the US

Coca-Cola Bottling Co Consolidated has posted a continued rise in sales in the year-to-date, as its programme of distribution expansion boosted the top line.

The company, which is the largest Coca-Cola bottler in the US, said late yesterday that net sales in the first nine months of 2015 were up by almost 30%. In the third quarter - the three months to the end of September - sales rose by just over 35%.

Profits in both the year-to-date and third quarter benefitted from one-offs related to the distribution expansion programme, which kicked off late last year, when The Coca-Cola Co announced its intention to separate its business and bottler arms in North America. Resultant net profits soared in both periods.

Stripping out the one-offs, net profits in the year-to-date were up by 33.4% and by 33.1% in the third quarter. Sales in the year so far rose by 9.3% on a comparable basis, with a "strong performance" delivered by CCBCC's energy and still beverage portfolios.

The performance comes on the back of a healthy set of first-half figures, announced in August.

“The geographical footprint of our distribution territory has expanded significantly over the past year," said chairman & CEO Frank Harrison. "Our financial results in the third quarter and first nine months of 2015 reflect solid revenue growth combined with a favourable cost-of-goods environment."

In its most recent spate of expansion activity, in late-September, the company lined up the purchase of production facilities in Sandston, Virginia, Baltimore and Silver Spring, Maryland, Indianapolis, and Portland, Indiana, as well as Cincinnati, Ohio.

To read the company's official results statement, click here.