Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Cott profit hurt by holiday promotions Add to ...

Cott Corp. on Thursday posted a quarterly profit that missed market estimates, hurt by deep discounting over the holidays, the Canadian soft-drinks maker said.

The company, which makes private-label soft drinks for retailers like Wal-Mart Stores Inc and Safeway , said its fourth-quarter earnings were $16.2-million, or 16 cents a share, compared with $15.1-million, or 17 cents, a share, a year ago. The number of weighted average outstanding shares rose 18 percent in the period.

More related to this story

On an adjusted basis, its profit was 8 cents a share, trailing the average estimate of analysts of 11 cents a share.

Revenue rose 37 per cent to $528.8-million. Analysts on average were looking $503.2-million, according to Thomson Reuters I/B/E/S.

Security Price Change
BCB-T Cott Corp. 8.89 0.01
0.113 %
Add to watchlist
Live Discussion of BCB on StockTwits
More Discussion on BCB-T
Globe Investor - GIT Upsells
It's never been a better time to get Globe Unlimited
Try Globe Unlimited, featuring new Globe Investor Tools, for a special trial rate. Only 99¢ for your first month.

Are you a Globe Investor Gold subscriber?
You qualify for complimentary access to Globe Unlimited.
Visit: globeandmail.com/globeplusunlimited
Try it today

In the know

Most popular video »


More from The Globe and Mail

Most Popular Stories