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Coca-Cola Bottling Q2 and first-half 2010 results
Coca-Cola Bottling Co Consolidated earned $12.0m, or basic net income per share of $1.31, on net sales of $417.4m for the second quarter of 2010, compared to net income of $12.2m, or basic net income per share of $1.33, on net sales of $377.7m for the second quarter of 2009.
The results for the second quarter of 2010 included $4.7m of after-tax losses ($7.8m on a pre-tax basis) due to mark-to-market adjustments on fuel and aluminium hedges and $.4m of after-tax gains ($.6m on a pre-tax basis) from insurance recoveries on assets lost or damaged due to the Nashville, Tennessee area flood.
The results for the second quarter of 2009 included $3.0m of after-tax gains ($4.9m on a pre-tax basis) due to mark-to-market adjustments on fuel and aluminium hedges.
On a comparable basis, the company earned $16.3m in the second quarter of 2010, or comparable basic net income per share of $1.78, vs $9.2m in the second quarter of 2009, or comparable basic net income per share of $1.00.
Read the full Coca-Cola Bottling financial report here.
Source: Coca-Cola Bottling Co Consolidated
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