Cott Corp. (COT) Misses Q2 EPS by 2c

Cott Corp. (NYSE: COT) reported Q2 EPS of $0.20, $0.02 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $564 million versus the consensus estimate of $605.5 million.

"Our second quarter results continued to reflect the same challenging market and operating trends that impacted our volume and revenue performance in the first quarter," commented Jerry Fowden, Cott's Chief Executive Officer. "During the quarter, we continued with our 4 C's approach and announced various SG&A reduction initiatives in line with our low cost philosophy. As part of our capital deployment strategy, we also repurchased approximately $6 million of outstanding shares and approved a quarterly dividend of CAD$0.06. As we look to the second half of the year, we currently expect our top and bottom line performance trends to improve compared to the first half," continued Mr. Fowden.

For earnings history and earnings-related data on Cott Corp. (COT) click here.

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