Coca-Cola Enterprises Reaffirms Outlook
Coca-Cola's (KO) - Get Coca-Cola Company Report biggest bottler, Coca-Cola Enterprises (CCE) , 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) - Get PepsiCo, Inc. Report
progresses in its attempt to acquire
Pepsi Bottling
TheStreet Recommends
(PBG)
and
PepsiAmericas
(PAS)
. 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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