News

US/CANADA: Cott Corporation continues turnaround in Q2

Most popular

The opportunity for no-alcohol in the on-premise

Pernod is back in Kentucky, but why did it leave?

The just-drinks Analyst returns

How should adult soft drinks be sold to consumers?

Anheuser-Busch InBev Performance Trends 2014-2018

MORE

Cott Corporation continued its strong start to the year with a healthy set of second quarter results today (27 July).

The private label soft drinks producer saw operating profits in the three months to the end of June soar to US$34.3m, compared to $5.3m in the corresponding period a year earlier. Net profits followed suit, leaping to $33.7m from a loss a year ago of $1.8m. Sales in the quarter, slowed, however, by 5.9% to $438.8m.

For the first six months of 2009, operating profits hit $56.6m, from a loss in H1 2008 of 6.9m, with net profits totalling $53.6m against a loss of $232.1m. Sales dipped to $805.8m against $856.2m.

"We are pleased with our second quarter results which were driven by the steady improvement of our North American operations and a stronger volume performance in our UK business," said Jerry Fowden, Cott's CEO. "We also benefited from the improved US carbonated soft drink category performance and a favourable tax benefit in the quarter."

For the official statement from Cott Corp, click here.

An update, with further comments following the company's webcast, appears here.


Sectors: Soft drinks, Water

Companies: Cott Corporation

Related Content

Cott Corp Q4 hit by one-off, but FY rides wave of DS Services water purchase

Cott Corp Q4 hit by one-off, but FY rides wave of DS Services water purchase...

Cott Corp buys S&D Coffee for US$355m as H1 returns to black - results

Cott Corp buys S&D Coffee for US$355m as H1 returns to black - results...

PepsiCo Q2 2017 results - Preview

PepsiCo Q2 2017 results - Preview...

Molson Coors' Q2 performance by region - Focus

Molson Coors' Q2 performance by region - Focus...

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?