Coca-Cola Bottling Q3 Net Rises 60%
Coca-Cola Bottling stock showed a little fizz the day the company's Q3 results were released. For the quarter, net sales amounted to $434 million, up 3% from the nearly $420 million in the same period the previous year. Attributable net income landed at $16.2 million ($1.74 per diluted share), or 60% higher than Q3 2012's $10.1 million ($1.09).
The company also provided results for the trailing nine-month period. The top line across that time frame was $1.25 billion, while attributable net income rose to $32.3 million ($3.47 per diluted share). Both numbers compared favorably with those of the same period of 2012, which were $1.23 billion and $25.4 million ($2.74), respectively.
In the wake of today's results, Coca-Cola Bottling's stock bubbled up slightly by 0.2%, or $0.15, to close the day at $63.71.
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