The results for the second quarter of 2012 included a $0.4m increase in income tax expense due to recording of a valuation allowance for certain deferred tax assets and other income tax changes.
The results for the second quarter of 2011 included $1.2m of after-tax losses ($1.7m on a pre-tax basis) due to mark-to-market adjustments on fuel and aluminium hedges and other income tax changes.
On a comparable basis, the Company earned $11.1m in the second quarter of 2012, or comparable basic net income per share of $1.20, versus $12.3m in the second quarter of 2011, or comparable basic net income per share of $1.33.
Source: Coca-Cola Bottling Co Consolidated
.
© FoodBev Media Ltd 2024