Business
Business

Profits rise for Coke bottler

By Joe Guy Collier
Oct 28, 2009

Atlanta-based Coca-Cola Enterprises, the largest bottler of Coke products, reported Wednesday a 15 percent increase in third-quarter net income to $247 million and raised its financial expectations for the full year.

Revenues fell 3 percent to $5.57 billion in the third quarter, but CCE benefited from an improved mix of price and package combinations, efficiency initiatives and a decline in commodity prices used to make its products.

CCE said it now expects to have full-year earnings in the range of $1.54 to $1.57 per share, up from a previously projected $1.44 to $1.49 per share.

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Joe Guy Collier
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