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.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.02
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services