Coca-Cola Bottling Company Consolidated posts profit in Q4
Net sales of $348.37m
Coca-Cola Bottling Company Consolidated has reported a net income of $1.4m, or $0.15 per share, for the fourth quarter of 2008, compared to a net loss of $1.8m, or $0.19 per share, for the same quarter of 2007.
Coca-Cola Bottling Company Consolidated has reported net sales of $348.37m for the fourth quarter of 2008, compared to $340.64m for the same quarter of 2007.
For the year ended December 28 2008, the company has reported a net income of $9.1m, or $0.99 per share, compared to $19.9m, or $2.18 per share, for the year 2007.
The company has reported net sales of $1.46 billion for the year ended December 28 2008, compared to $1.43 billion for the year 2007.
Frank Harrison III, chairman and CEO of Coca-Cola Bottling Company Consolidated, said: In 2008, we continued to face very difficult macroeconomic circumstances and business challenges specific to the soft drink industry. This is not the first time our company has faced difficult challenges during our long history. Each time we have emerged a stronger organization.
William B. Elmore, president and COO of Coca-Cola Bottling Company Consolidated, said: We are encouraged by the innovative solutions we have and continue to bring forward including new packaging configurations; value pricing and packaging in the convenience store channel; intelligent vending; new sales support tools; new manufacturing and order fulfillment systems; and a return to grassroots marketing focus.
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