The Canadian soft drinks group, Cott Corp., the world’s largest supplier of private label soft drinks, has posted earnings of US$24.6m, or 35 cents per diluted share, for the quarter to June 28, 2003, up from US$19.2m, or 27 cents per share, in the corresponding quarter last year.
Cott also said it would be seeking further acquisitions in the US and Mexico.
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Sales for the quarter increased by 18% from US$329.5m to US$388.1m. Both turnover and earnings for the quarter came in above analysts’ forecasts.
The company also announced a number of executive appointments. The board voted to elect John K Sheppard as its new president and chief operating officer. Sheppard succeeds Frank E. Weise as president. Executive vice president Paul R Richardson has been appointed president of US operations while Andrew Murfin has been named as managing director of Cott Britain.
