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CocaCola Company (The) (KO) - free report >>
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Coca-Cola Bottling (COKE) Q2 Earnings: What to Expect?
Coca-Cola Bottling Co. Consolidated (COKE - Free Report) expects to release its financial results for the second quarter of 2016 on Aug 9, 2016, after market close. The company is one of the largest independent bottlers of The Coca-Cola Company (KO - Free Report) in the U.S.
Revenue management, distribution cost management, product innovation and beverage portfolio expansion have been the company’s core strengths since the past many quarters. We believe these growth initiatives will help to drive the top line in the to-be-reported quarter. The company’s revenues have been benefiting from solid performance of its energy and still beverage brands, a trend which should continue in the to-be reported quarter.
Organic growth in the legacy territories as well as territory expansion through the acquisition of several new distribution territories from Coca-Cola should lead to solid top- line performance in the soon-to-be reported quarter.
During first quarter 2016, the company expanded its territories to include Virginia and Washington, D.C and acquired an additional manufacturing facility in Richmond, VA, under its agreement with The Coca-Cola Company. Most of The Coca-Cola Company’s beverages are manufactured, sold and distributed by independent bottling partners, including Coca-Cola European Partners Plc. and Coca-Cola FEMSA S.A.B de C.V. (KOF - Free Report) .
These transactions are part of the franchise territory expansion agreement between the company and The Coca-Cola Company. Expansion of franchise territories is expected to boost Coca-Cola Bottling’s sales and profits in the to-be-reported quarter as well as in the future.
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