Key Developments: Coca-Cola Enterprises Inc (CCE)
37.95USD
24 May 2013
$0.09 (+0.24%)
$37.86
$37.71
$38.11
$37.49
1,859,583
2,515,140
$39.40
$26.05
Latest Key Developments (Source: Significant Developments)
Coca-Cola Enterprises Inc Updates FY 2013 EPS Guidance; Lowers Low End Of Prior FY 2013 Sales Guidance; Reaffirms FY 2013 Operating Income Guidance
Coca-Cola Enterprises Inc announced for fiscal 2013, it expects earnings per diluted share (EPS) growth of approximately 11% to 12%, net sales to grow in a low to mid-single-digit range and operating income growth continues to be in a mid-single-digit range, both on a comparable and currency neutral basis. At recent rates, currency translation would reduce fiscal 2013 earnings per share by approximately 1% to 2%. The Company reported EPS of $2.26, revenue of $8.062 billion and operating profit of $1.017 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $8.38 billion, EPS of $2.48 and EBIT of $1.078 billion for fiscal 2013. Full Article
Coca-Cola Enterprises Inc Announces Right To Acquire German Bottler from The Coca-Cola Company Will Expire And Increases Expected Return Of Cash To Shareowners
Coca-Cola Enterprises Inc announced that the right to acquire the German bottling business from The Coca-Cola Company will expire on May 25. As a result, CCE will increase expected return of cash to shareowners in 2013. Full Article
Coca-Cola Enterprises Inc Declares Regular Quarterly Dividend
Coca-Cola Enterprises Inc announced that its Board of Directors declared a regular quarterly dividend of 20 cents per share. The dividend is payable June 20, 2013 to shareowners of record on June 7, 2013. Full Article
Coca-Cola Enterprises Inc Reaffirms FY 2013 Guidance-Conference Call
Coca-Cola Enterprises Inc announced that for fiscal 2013, it expects net sales and operating income to grow in a mid-single-digit range, both on a comparable and currency-neutral basis and comparable currency-neutral EPS growth of approximately 10% above fiscal 2012 results. The Company reported EPS of $2.26, revenue of $8.062 billion and operating profit of $1.017 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBIT of $1.078 billion for fiscal 2013. Full Article
Coca-Cola Enterprises Inc Reaffirms FY 2013 Guidance-Conference Call
Coca-Cola Enterprises Inc announced that for fiscal 2013, it expects net sales and operating income to grow in a mid-single-digit range, both on a comparable and currency-neutral basis. It also expect comparable, currency-neutral earnings per diluted share growth of approximately 10% above fiscal 2012 results. The Company reported EPS of $2.26, revenue of $8.062 billion and operating profit of $1.017 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.54 and revenue of $8.581 billion for fiscal 2013. Full Article
Coca-Cola Enterprises Inc Issues FY 2013 Guidance; Revenue Guidance In Line With Analysts' Estimates
Coca-Cola Enterprises Inc announced that for fiscal 2013, it expects earnings per diluted share (EPS) to grow approximately 10% on a comparable and currency neutral basis and net sales and operating income to grow in a mid-single-digit range. The Company reported EPS of $2.26, revenue of $8.062 billion and operating profit of $1.017 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.51 and revenue of $8.515 billion for fiscal 2013. Full Article
Coca-Cola Enterprises Inc Increases Regular Quarterly Dividend
Coca-Cola Enterprises Inc announced that Board of Directors increased the Company`s regular quarterly dividend 25 % to 20 cents per share. The quarterly dividend rate is equivalent to an annual dividend of 80 cents per share. The dividend is payable March 21, 2013 to shareowners of record on March 8, 2013. Full Article
Coca-Cola Enterprises Inc Confirms FY 2012 EPS Guidance; Announces Details of Share Repurchase Program; Comments on FY 2013 Dividend
Coca-Cola Enterprises Inc (CCE) announced that it confirms its fiscal year 2012 guidance of earnings per diluted share in a range of USD 2.20 to USD 2.24, with results expected at the high end of the range, including the negative impact of currency translation. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 earnings per share of USD 2.25. In addition, the Company's Board of Directors has approved a new USD 1.5 billion share repurchase program – the third program since the 2010 completion of the transaction that created the new CCE. At least USD 500 million in repurchases are expected under this program in fiscal year 2013. These plans may be adjusted depending on economic, operating, or other factors, including acquisition opportunities. CCE also expects to increase its fiscal year 2013 dividend payout to a range of 30 percent to 35 percent of fiscal year 2013 comparable and currency neutral earnings per share. This represents an expected annualized fiscal year 2013 dividend increase of at least 15 percent above fiscal year 2012. Full Article
Coca-Cola Enterprises Inc Updates FY 2012 Guidance
Coca-Cola Enterprises Inc announced that for fiscal 2012, it expects comparable earnings per diluted share in a range of $2.20 to $2.24, including the negative impact of currency translation. Both net sales and operating income for fiscal 2012 are now expected to grow in a low to mid-single-digit range. This revision is primarily driven by customer and marketplace conditions in France due in part to the French excise tax increase, an increased competitive landscape in Great Britain, and the impact of ongoing challenging macroeconomic conditions. Full Article
Coca-Cola Enterprises Inc Confirms FY 2012 Guidance
Coca-Cola Enterprises Inc announced that for fiscal 2012, it expects comparable earnings per diluted share (EPS) in a range of $2.18-$2.24, including the negative impact of currency translation. Based on recent rates, currency translation would decrease fiscal 2012, net sales are expected to grow in a mid-single-digit range, with operating income growth in a mid-single-digit range. Outlook for EPS, net sales, and operating income include the impact of the French excise tax increase and is comparable. Net sales and operating income guidance is also currency neutral. The Company reported EPS of $2.29, revenue of $8.3 billion and operating income of $1.0 billion for fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $8.3 billion, EPS of $2.24 for fiscal 2012. Full Article
Coke Enterprises profit falls, won't buy German bottler
- Soft drink bottler Coca-Cola Enterprises Inc reported lower quarterly earnings on Thursday and said it would not exercise its right to acquire Coca-Cola Co's German bottling operations.
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