Cott Corp. (COT) Misses Q2 EPS by 2c
Tweet
Share
E-mailGet Alerts COT Hot Sheet
Price: $14.62 --0%
Financial Fact:
Interest expense, net: 34.4M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Interest expense, net: 34.4M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Join SI Premium – FREE
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.
"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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
- Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
Create E-mail Alert Related Categories
EarningsRelated Entities
Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
