May 2, 2012 / 12:52 PM / 6 years ago

UPDATE 1-Cott profit falls as commodity costs rise

* Q1 EPS $0.06 vs $0.07 year ago

* Revenue falls 2 pct

* Costs of fruit concentrates, sweeteners, resin weigh

May 2 (Reuters) - Canadian soft drink maker Cott Corp reported a 13 percent fall in first-quarter profit as costs for commodities such as fruit and fruit concentrates, sweeteners and resin rose.

Net income attributed to Cott Corp fell to $5.9 million, or 6 cents per share, from $6.8 million, or 7 cents per share, a year ago.

Revenue at the private label beverage maker fell 2 percent to $523.8 million.

Cott operates soft drink, juice, water and other beverage bottling facilities in the United States, Canada, the UK and Mexico.

Filled beverage case volumes in North America fell more than 8 percent as it exited certain case pack water business, the company said in a statement.

The U.S. shelf-stable juice market was also weak, Cott said.

Cott shares, which have lost nearly a fourth of their value in the past year, closed at C$6.44 on Tuesday on the Toronto Stock Exchange.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below