Coca-Cola Enterprises, Inc. (NYSE: CCE) CCE (Coca-Cola Enterprises) (Euronext Paris: CCE) previously reported third-quarter 2012 diluted earnings per share of 89 cents on a reported basis and 71 cents on a comparable basis. Reported and comparable operating income for the quarter totaled 306 million. Operating income declined 1 percent on a comparable and currency neutral basis versus third-quarter 2011 results. Currency translation negatively affected third-quarter 2012 comparable earnings per diluted share by 6 cents, or 8 percent. Net sales in the third quarter totaled 2.1 billion, a decline of 3 percent from the same quarter a year ago on a reported basis, up 4 percent on a currency neutral basis, and up 2 percent on a currency neutral basis excluding the impact of the French excise tax increase. Both CCE (Coca-Cola Enterprises) net sales and operating income for 2012 are now expected to grow in a low to mid-single-digit range. This revision is primarily driven by customer and marketplace conditions in France due in part to the French excise tax increase, an increased competitive landscape in Great Britain, and the impact of ongoing challenging macroeconomic conditions. Our outlook for earnings per diluted share, net sales, and operating income includes the impact of the French excise tax increase and is comparable. Net sales and operating income guidance is also currency neutral. Coca-Cola Enterprises, Inc. (NYSE: CCE) is the leading Western European marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment and one of the worlds largest independent Coca-Cola bottlers. CCE is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. For more information about our company, please visit our website at www.cokecce.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://pennytobuck.com/disclaimer)
