Coca-Cola Enterprises Reaffirms Outlook

Stock quotes in this article: CCE , KO , PEP , PBG , PAS  

Coca-Cola's(KO Quote) biggest bottler, Coca-Cola Enterprises(CCE Quote), reaffirmed its full-year forecast on Thursday.

The company said it expects 2009 earnings in the range of $1.24 to $1.29 a share, and sees second-quarter business in-line with expectations.

There has been significant talk surrounding soft-drink bottlers, as rival PepsiCo(PEP Quote) progresses in its attempt to acquire Pepsi Bottling(PBG Quote) and PepsiAmericas(PAS Quote). The move has led investors to believe Coca-Cola may also try to buy its bottlers.

Last month, Coca-Cola Enterprises reported a huge first-quarter gain to $61 million, or 13 cents a share, from $8 million, or 2 cents, last year.

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