The results for the first quarter of 2011 included $0.4m of after-tax losses ($0.7m on a pre-tax basis) due to mark-to-market adjustments on fuel and aluminium hedges.
The results for the first quarter of 2010 included $0.1m of after-tax gains ($0.2m on a pre-tax basis) due to mark-to-market adjustments on fuel and aluminium hedges and a $0.5m increase in income tax expense due to the change in tax law eliminating the tax deduction once available for Medicare Part D subsidies.
On a comparable basis, the Company earned $6.4m in the first quarter of 2011, or comparable basic net income per share of $.69, vs $4.9m in the first quarter of 2010, or comparable basic net income per share of $.54.
Read the full xxx financial statement at this link.
Source: Coca-Cola Bottling Co Consolidated
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