Coca‑Cola Bottling Co. Consolidated Reports Fourth Quarter 2017 And Fiscal 2017 Results
Source Coca-Cola Bottling Co. Consolidated
CHARLOTTE, N.C., Feb. 27, 2018 (GLOBE NEWSWIRE) -- Coca‑Cola Bottling Co. Consolidated today reported operating results for the fourth quarter and fiscal year ended December 31, 2017.
Frank Harrison, Chairman and Chief Executive Officer, said, “2017 was once again a year of transformation. We met the substantial challenges head-on and delivered solid results despite challenging industry conditions and other headwinds. We deeply appreciate our teammates’ hard work. 2018 will be a year of continued integration of our expanded business platform – seeking to drive growth, efficiency and continuous improvement – and engaging our Purpose with intentional leadership and meaningful teamwork.”
Hank Flint, President and Chief Operating Officer, added, “The fourth quarter of 2017 was one of our busiest yet. We saw our multi-year series of System Transformation acquisition transactions with The Coca‑Cola Company come to an end, completing our final acquisitions and exchanges on October 2. With our expanded footprint established, net sales increased by 33.8% and comparable sales increased 6.7% in the fourth quarter. As we enter 2018, we will continue our focus on integrating the operations and systems of our expanded footprint with the support of our hardworking teammates, to whom we are grateful for their commitment and outstanding efforts.”
