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 comparable basic net income per share of 20 cents in the fourth quarter of fiscal 2017. This compares favorably with the year-ago loss per share of 26 cents.
Coca-Cola Bottling reported net sales of $1.13 billion, up 33.8% year over year. The upside can be attributed to acquisitions and higher comparable net sales.
Comparable net sales improved 6.7% driven by a 1.5% rise in comparable equivalent unit case volumes. Sparkling product comparable volumes were down 0.7%, while that of still products increased 8.3%.
Comparable income from operations of $120.8 million increased $8.3 million on a year-over-year basis.
Financials
Cash and cash equivalents were $16.9 million as of Dec 31, 2017, compared with $21.9 million as of Jan 1, 2017.
Cash flow from operating activities was $307.8 million in fiscal 2017, reflecting an increase of $ 145.8 million from the prior-year period.
Property, plant and equipment acquired in fiscal 2017 were worth $1.03 billion, excluding $812.9 million in property, plant and equipment acquired as of Jan 1, 2017.
Peer Releases
The Coca-Cola Company’s comparable earnings in the fourth quarter of 2017 were 39 cents per share, surpassing the Zacks Consensus Estimate of 38 cents. The same improved from the year-ago quarter’s level of 37 cents, courtesy of ongoing productivity efforts.
PepsiCo (PEP - Free Report) reported fourth-quarter 2017 earnings per share of $1.31, beating the Zacks Consensus Estimate of $1.30 and increasing 9% year over year.
Dr Pepper Snapple Group’s fourth-quarter 2017 earnings were in line with the Zacks Consensus Estimate, while revenues lagged the same.
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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 comparable basic net income per share of 20 cents in the fourth quarter of fiscal 2017. This compares favorably with the year-ago loss per share of 26 cents.
Coca-Cola Bottling reported net sales of $1.13 billion, up 33.8% year over year. The upside can be attributed to acquisitions and higher comparable net sales.
Comparable net sales improved 6.7% driven by a 1.5% rise in comparable equivalent unit case volumes. Sparkling product comparable volumes were down 0.7%, while that of still products increased 8.3%.
Comparable income from operations of $120.8 million increased $8.3 million on a year-over-year basis.
Financials
Cash and cash equivalents were $16.9 million as of Dec 31, 2017, compared with $21.9 million as of Jan 1, 2017.
Cash flow from operating activities was $307.8 million in fiscal 2017, reflecting an increase of $ 145.8 million from the prior-year period.
Property, plant and equipment acquired in fiscal 2017 were worth $1.03 billion, excluding $812.9 million in property, plant and equipment acquired as of Jan 1, 2017.
Peer Releases
The Coca-Cola Company’s comparable earnings in the fourth quarter of 2017 were 39 cents per share, surpassing the Zacks Consensus Estimate of 38 cents. The same improved from the year-ago quarter’s level of 37 cents, courtesy of ongoing productivity efforts.
PepsiCo (PEP - Free Report) reported fourth-quarter 2017 earnings per share of $1.31, beating the Zacks Consensus Estimate of $1.30 and increasing 9% year over year.
Dr Pepper Snapple Group’s fourth-quarter 2017 earnings were in line with the Zacks Consensus Estimate, while revenues lagged the same.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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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