Coca-Cola Enterprises, Inc. (NYSE:CCE) has released an update for its 2009 outlook. The company now expects its full year comparable diluted EPS to be within the range of $1.56 to $1.59. It’s share repurchase is anticipated to total $600 million by the end of 2010. A full copy of the outlook is available at http://www.cokecce.com/.
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The company conducted a conference call on Thursday, December 17 to discuss the 2009 and 2010 outlook. The call was joined by Coke Executive Vice President Mr. Brock, and Chief Financial Officer Bill Douglas. Interested parties may listen to a webcast of the call on the company’s website.
Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages. The Company serves a market of approximately 419 million consumers throughout the United States, Canada, the United States Virgin Islands, and certain other Caribbean islands, Belgium, continental France, Great Britain, Luxembourg, Monaco and Netherlands. It represents 16% of the total Coca-Cola product volume globally. During the year ended December 31, 2008, the Company sold approximately 42 billion bottles and cans (or 2 billion physical cases) throughout its territories. Products licensed to the Company through The Coca-Cola Company (TCCC) and its affiliates and joint ventures represented approximately 93% of its volume in 2008. In March 2008, the Company acquired the Cen-Tex Coca-Cola Bottling Company, a franchised Coca-Cola bottling company in Mexia, Texas.
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