QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 51, No. 12, December 2011, Posted On: 11/15/2011


Coca-Cola Bottling Q3 Income Falls 37%


Emily Jed
Emily@vendingtimes.net
bottler, vending, vending machine, beverage vending, Coca-Cola Bottling Co. Consolidated, Coke, Frank Harrison

CHARLOTTE, NC -- Despite higher revenues, Coca-Cola Bottling Co. Consolidated said its third-quarter net income fell 37% as its costs rose more than 9%.

Net income for the quarter was $9.8 million, or $1.06 a share, compared with $15.5 million, or $1.69 per share, a year earlier. Revenue grew to $405.9 million, up from $395.4 million.

"2011 has been a challenging year as the economy remains weak and commodity costs continue to increase at rates that exceed the rate of inflation," said chairman and chief executive Frank Harrison.

The company said it has seen strength in value-oriented channels such as food and dollar stores and weakness in the convenience and on-premise channels.

Officials also said the highly competitive market makes it difficult for the bottler to immediately pass along all of its cost increases.


Topic: Vending Features

Articles:
  • Israel's OTI Enters Russia's Cashless Vending Market
  • NAMA Extends EDP Scholarship Application Deadline To July 31
  • NestlĂ© Professional Hosts 37th Hawkstone Golf Day For British Vending Industry
  • Vagabond And AMS Create Touchless Vending Machine; No Coins, Cash Or Cards, Just Pay With Apps
  • Italy's N&W Global Acquires Parma's Ducale, Consolidating Its Competitive Position In The Coffee Vending Category

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570