News

US: Coke Enterprises remains confident of targets

Most popular

Should Pernod dump wine, bunk up with Brown-Forman

Why Brown-Forman will be one of spirits' winners

Retaliatory tariffs "wild card" for Brown-Forman

The future of cannabis in the drinks industry

MORE

The world's largest bottler of Coca-Cola products, Coca-Cola Enterprises (CCE), has reaffirmed its 2002 forecasts, anticipating earnings per share of between US$1.15 and US$1.22 next year.

In a press release today, the company said that the confident outlook reflected stronger North American pricing and improved volume from new products and brand derivatives such as Vanilla Coke, diet Vanilla Coke and Minute Maid juice drinks.

Encouragingly for the company, 2003 North American physical case bottle and can volumes are expected to grow by 3%, while Europe will see 4-6% growth. The company predicts its European operations will show balanced volume and pricing growth next year.
 
"Our company has performed very well in 2002, and our goal for 2003 is to build on our solid volume and profit momentum," Chairman and Chief Executive Lowry F. Kline said in the statement.

Meanwhile 2002 earnings per share are estimated at between US$1 to US$1.03. Volume growth will be in the region of 3% in North America and 3% to 4% in Europe.


Related Content

Diet Coke rebrand follows

Diet Coke rebrand follows "dissatisfaction" - The Coca-Cola Co CEO...

We can capture 600m more Coke drinkers - Coca-Cola Co

We can capture 600m more Coke drinkers - Coca-Cola Co ...

The two faces of US whiskey and their effect on Brown-Forman - Analysis

The two faces of US whiskey and their effect on Brown-Forman - Analysis ...

How did Coca-Cola European Partners perform in the first half of 2018? - results data

How did Coca-Cola European Partners perform in the first half of 2018? - 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?