Coca-Cola Bottling Co. Consolidated reported gains in profits during the fourth quarter due to improvements in sales. Coca-Cola Bottling Co. Consolidated trades on the “NASDAQ” under the stock symbol “COKE”. For the Latest information regarding “COKE”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Coca-Cola Bottling Co. Consolidated reported late Tuesday that its profit grew in the fourth quarter as sales improved and the soft drink bottler benefited from an additional week in the period. The company, which bottles beverages primarily for the Coca-Cola Co., reported earnings of $2 million, or 22 cents per share, up from $1.4 million, or 15 cents per share, in the year-ago quarter. Excluding the effect of an extra week in the quarter as well as restructuring costs and other one-time items, the company posted a loss of $2.8 million.
Sales grew to $354.4 million from $348.4 million.
For the full year, the company earned $38.1 million, or $4.15 per share, up from $9.1 million, or 99 cents per share, in 2008. Revenue slipped to $1.44 billion from $1.46 billion.
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