Coca-Cola Bottling Co. Consolidated (COKE - Free Report) , one of the largest independent bottlers of The Coca-Cola Company’s (KO - Free Report) products, reported adjusted earnings of $2.36 per share in the second quarter of fiscal 2017. Earnings increased 11.8% year over year. Notably, shares of the company have lost 2.7% in afterhours trading on Aug 8.
Coca-Cola Bottling reported net sales of $1.17 billion, up 39.1% year over year primarily on acquisitions and higher comparable net sales.
Comparable net sales increased 2.8% driven by a 1.3% rise in comparable equivalent unit case volumes. Sparkling product comparable volumes grew 0.8% and that of still products increased 2.6%.
Comparable income from operations increased 7.1% to $47.5 million on a year-over-year basis on increased comparable net sales.
Financials
Cash and cash equivalents were $43.5 million as of Jul 2, 2017, compared with $21.9 million at the end of 2016.
Cash flow from operating activities was $179.0 million in the first six months of fiscal 2017.
Peer Releases
The Coca-Cola Company reported better-than-expected results in second-quarter 2017. Adjusted earnings of the company were 59 cents per share, surpassing the Zacks Consensus Estimate of 57 cents by 3.5%
PepsiCo, Inc. (PEP - Free Report) reported better-than-expected results in second-quarter 2017 (ending Jun 17), with both earnings and revenues beating the Zacks Consensus Estimate. PepsiCo’s second-quarter core earnings per share of $1.50 beat the Zacks Consensus Estimate of $1.40 by 7.1%.
Dr Pepper Snapple Group Inc.’s adjusted second-quarter 2017 earnings per share of $1.25 missed the Zacks Consensus Estimate of $1.28 by 2.3%.
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Coca-Cola Bottling Co. Consolidated (COKE - Free Report) , one of the largest independent bottlers of The Coca-Cola Company’s (KO - Free Report) products, reported adjusted earnings of $2.36 per share in the second quarter of fiscal 2017. Earnings increased 11.8% year over year. Notably, shares of the company have lost 2.7% in afterhours trading on Aug 8.
Coca-Cola Bottling reported net sales of $1.17 billion, up 39.1% year over year primarily on acquisitions and higher comparable net sales.
Comparable net sales increased 2.8% driven by a 1.3% rise in comparable equivalent unit case volumes. Sparkling product comparable volumes grew 0.8% and that of still products increased 2.6%.
Comparable income from operations increased 7.1% to $47.5 million on a year-over-year basis on increased comparable net sales.
Financials
Cash and cash equivalents were $43.5 million as of Jul 2, 2017, compared with $21.9 million at the end of 2016.
Cash flow from operating activities was $179.0 million in the first six months of fiscal 2017.
Peer Releases
The Coca-Cola Company reported better-than-expected results in second-quarter 2017. Adjusted earnings of the company were 59 cents per share, surpassing the Zacks Consensus Estimate of 57 cents by 3.5%
PepsiCo, Inc. (PEP - Free Report) reported better-than-expected results in second-quarter 2017 (ending Jun 17), with both earnings and revenues beating the Zacks Consensus Estimate. PepsiCo’s second-quarter core earnings per share of $1.50 beat the Zacks Consensus Estimate of $1.40 by 7.1%.
Dr Pepper Snapple Group Inc.’s adjusted second-quarter 2017 earnings per share of $1.25 missed the Zacks Consensus Estimate of $1.28 by 2.3%.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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