Coca-Cola Enterprises Q2 results show net sales decline

Coca-Cola Enterprises Inc has reported second-quarter 2012 diluted earnings per share of 67 cents on a reported basis and 73 cents on a comparable basis.

Reported operating income for the quarter totalled $301m; comparable operating income totalled $328m, down 11% on a comparable basis and down 2% on a comparable and currency neutral basis vs second-quarter 2011 results.

Currency translation negatively affected second-quarter 2012 earnings per diluted share by 8 cents, or 10½%.

Second-quarter net sales totalled $2.2bn, a decline of 8½% from the same quarter a year ago, flat on a currency neutral basis, and down 2% on a currency neutral basis excluding the impact of the French excise tax increase.

• Read the full Coca-Cola Enterprises Q2 2012 financial statement at this link.
• See more Coca-Cola Enterprises stories.

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