Cott Corp. (COT) Declares $0.06 Quarterly Dividend; 1.5% Yield

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Cott Corp. (COT) Misses Q1 EPS by 11c, Revenues Beat; Offers Low-End Range of FY19 Revenue Outlook

May 2, 2019 6:54 AM EDT

Cott Corp. (NYSE: COT) reported Q1 EPS of ($0.14), $0.11 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $574.1 million versus the consensus estimate of $563.88 million.

Excluding the soft drink concentrate production business and RC Cola International division ("Cott Beverages LLC"), which was sold on February 8, 2019, gross margin as a percentage of revenue was flat at 49.9%. The fixed cost leverage from revenue growth was offset by the negative impact of foreign exchange as well as incremental operating costs to support increased revenue growth.Excluding Cott Beverages... More