Cott Corp. (COT, Financial) filed Quarterly Report for the period ended 2012-06-30.
Cott Corporation (usa) has a market cap of $809.2 million; its shares were traded at around $8.54 with a P/E ratio of 15.5 and P/S ratio of 0.4. Cott Corporation (usa) had an annual average earning growth of 6.1% over the past 5 years.
U.K. revenue increased $5.5 million or 4.4% and $18.4 million or 8.7% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to continued improvement in product mix and growth in the wholesale channel. Net selling price per beverage case increased 8.4% and 8.9% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to price increases implemented to mitigate rising commodity costs and improved product mix. Absent foreign exchange impact, U.K. revenue increased 7.3% and 11.2% in the second quarter and year to date, respectively.
Mexico revenue decreased $6.0 million or 37.0% and $8.3 million or 30.1% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to the loss of a regional brand license at the end of its term, offset in part by a 10.9% and 12.1% increase in net selling price per beverage case in the second quarter and year to date, respectively. Absent foreign exchange impact, Mexico revenue decreased 24.1% and 19.6% in the second quarter and year to date, respectively.
Cost of Sales Cost of sales represented 85.3% and 86.5% of revenue in the second quarter and year to date, respectively, compared to 86.2% and 86.6% in the comparable prior year periods. The decrease in cost of sales as a percentage of revenue in the second quarter was due primarily to the easing of commodity costs. Variable costs represented 75.5% and 75.7% of total sales in the second quarter and year to date, respectively, compared to 76.9% and 76.4% in the comparable prior year periods. Major elements of these variable costs included ingredient and packaging costs, distribution costs and fees paid to third-party manufacturers.
Selling, General and Administrative Expenses SG&A increased $3.7 million or 8.2% and $0.4 million or less than 1% in the second quarter and year to date, respectively, from the comparable prior year periods. The increase was due primarily to an increase of certain employee-related costs offset by reductions in information technology costs. As a percentage of revenue, SG&A increased to 7.8% and 7.9% in the second quarter and year to date from 7.0% and 7.7% in the comparable prior year periods.
Read the The complete Report
Cott Corporation (usa) has a market cap of $809.2 million; its shares were traded at around $8.54 with a P/E ratio of 15.5 and P/S ratio of 0.4. Cott Corporation (usa) had an annual average earning growth of 6.1% over the past 5 years.
Highlight of Business Operations:
North America revenue decreased $15.6 million or 3.2% and $36.3 million or 3.9% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to a 6.2% and 7.0% decrease in beverage case volume in the second quarter and year to date, respectively, from the comparable prior year periods. Net selling price per beverage case (which is net revenue divided by beverage case volume) increased 5.7% and 4.8% in the second quarter and year to date, respectively, from the comparable prior year periods. The increase in net selling price per beverage case was offset by our exit from certain low gross margin business and a product mix shift into sports drinks from 100% shelf-stable juice.U.K. revenue increased $5.5 million or 4.4% and $18.4 million or 8.7% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to continued improvement in product mix and growth in the wholesale channel. Net selling price per beverage case increased 8.4% and 8.9% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to price increases implemented to mitigate rising commodity costs and improved product mix. Absent foreign exchange impact, U.K. revenue increased 7.3% and 11.2% in the second quarter and year to date, respectively.
Mexico revenue decreased $6.0 million or 37.0% and $8.3 million or 30.1% in the second quarter and year to date, respectively, from the comparable prior year periods due primarily to the loss of a regional brand license at the end of its term, offset in part by a 10.9% and 12.1% increase in net selling price per beverage case in the second quarter and year to date, respectively. Absent foreign exchange impact, Mexico revenue decreased 24.1% and 19.6% in the second quarter and year to date, respectively.
Cost of Sales Cost of sales represented 85.3% and 86.5% of revenue in the second quarter and year to date, respectively, compared to 86.2% and 86.6% in the comparable prior year periods. The decrease in cost of sales as a percentage of revenue in the second quarter was due primarily to the easing of commodity costs. Variable costs represented 75.5% and 75.7% of total sales in the second quarter and year to date, respectively, compared to 76.9% and 76.4% in the comparable prior year periods. Major elements of these variable costs included ingredient and packaging costs, distribution costs and fees paid to third-party manufacturers.
Selling, General and Administrative Expenses SG&A increased $3.7 million or 8.2% and $0.4 million or less than 1% in the second quarter and year to date, respectively, from the comparable prior year periods. The increase was due primarily to an increase of certain employee-related costs offset by reductions in information technology costs. As a percentage of revenue, SG&A increased to 7.8% and 7.9% in the second quarter and year to date from 7.0% and 7.7% in the comparable prior year periods.
Read the The complete Report
