US: Coca-Cola Bottling Co Consolidated posts strong YTD on Q3 surge

Most popular

Everywhere is now a drinking occasion - Trends

Pernod Ricard Performance Trends 2015-2019

How DNA testing will shape the future of drinking

Major spirits brands dodge the US tariff bullet

Where should wine focus its on-premise efforts?

  • YTD net profits up 27% to US$32.3m
  • Net sales up 15% to $1.25bn
  • Operating profits down 3% to $72.6m
  • Q3 profits up 60% to $18m

Coca-Cola Bottling Co Consolidated (CCBCC) has reported a strong year-to-date performance after a jump in Q3 profits, helped by pricing and the weather. 


Net profits were up 27% to US$32.3m in the nine months to the end of September, the US bottler said late yesterday (5 November). Net sales climbed by 15% to $1.25bn over the same period while operating profits dipped 3% to $72.6m.

Third-quarter net profits, meanwhile, surged 60% to $18m. Net sales in the three-month period were up by 37% and operating profits up by 10%.

The lower operating profits growth was down to higher costs of sales, up 4% and 3% in Q3 and YTD respectively. However, the company increased its gross margins in the third quarter.

CCBCC chairman and CEO J. Frank Harrison said: “We are pleased to report strong third quarter results driven by growth in both volume and pricing. After a challenging first half of 2013, we saw a return of more normal weather patterns during the third quarter which helped drive revenue growth.”

The results were a return to form after the company admitted to “softer than expected” first-half sales and volumes because of cooler and wetter weather. 

CCBCC is one of five US bottlers included in a Coca-Cola plan, unveiled in April, for a new distribution system that will offer the bottlers the chance to expand their territories. In today's results, Harrison said work on expanding on the project “is continuing”.

CCBCC released its results after the market closed. Trading yesterday remained flat.

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

Related Content

Constellation Brands' Q3 & YTD 2018 results - Preview

Constellation Brands' Q3 & YTD 2018 results - Preview...

Is Smartwater the next big thing for The Coca-Cola Co? - results data

Is Smartwater the next big thing for The Coca-Cola Co? - results data...

The Coca-Cola Co's Q3/YTD 2016 results - Preview

The Coca-Cola Co's Q3/YTD 2016 results - Preview...

Carlsberg Q3 & YTD 2017 by region - results data

Carlsberg Q3 & YTD 2017 by region - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..

Forgot your password?