Earnings Briefing - Coca-Cola Enterprises

LONDON, July 31, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings briefing and coverage on Coca-Cola Enterprises Inc. (NYSE: CCE) as the company featured in the headlines on Thursday, July 24, 2014. On a reported basis, the company's net sales in the second quarter of 2014 grew 8% Y-o-Y. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

For the second quarter of 2014, Coca-Cola Enterprises Inc. reported GAAP operating income of $295 million, compared with $272 million in the year-ago quarter. The global soft drink manufacturer's non-GAAP operating income improved 8.6% Y-o-Y to $341 million during the period. Total sales volume in the second quarter grew 3.5% Y-o-Y, with 3.5% Y-o-Y growth in sparkling drinks. During the same quarter, net pricing per case was flat, while cost of sales per case declined 1% Y-o-Y. The company's operating expenses increased 6% Y-o-Y, reflecting volume growth and timing of the current year's and prior year's promotional expenses. The free research on CCE can be downloaded as in PDF format at:

http://www.Investor-Edge.com/CCEFreeReport

John F. Brock, Chairman and Chief Executive Officer of Coca-Cola Enterprises Inc., stated that while the company is encouraged by a return to volume growth, it is still facing ongoing macroeconomic weakness, competitive and marketplace pressures, and a dynamic customer landscape, particularly in Great Britain. The Chairman further stated that the company remains focused on its primary objective of delivering growth in its shareowner value and will continue to utilize all business levers to reach this goal.

The Atlanta-based company reported net sales of $2.33 billion during the second quarter of 2014, compared with $2.16 billion in the prior year's comparable quarter, almost in line with Bloomberg revenue estimates of $2.34 billion. The beverages industry major's GAAP net income stood at $198 million, or $0.78 per diluted share, compared with $182 million, or $0.66 per diluted share, in the year-ago quarter, below market expectations of $217.33 million, or $0.85 per diluted share. Coca-Cola Enterprises Inc.'s non-GAAP earnings of $229 million, or $0.90 per diluted share, were above the year-ago quarter's non-GAAP earnings of $213 million, or $0.77 per diluted share. During the most recent quarter, currency translation had a positive impact of approximately 6 cents on non-GAAP earnings per diluted share. Sign up and read the free analyst's notes on CCE at:

http://www.Investor-Edge.com/CCE-31072014

On July 22, 2014, the Board of Directors of Coca-Cola Enterprises Inc. declared a regular quarterly dividend of 25 cents per share payable on September 18, 2014 to shareowners of record on September 5, 2014.

Stock Performance  

On Thursday, July 24, 2014, after the earnings release, Coca-Cola Enterprises Inc.'s shares edged 0.08% higher to close the session at $48.80. However, at the last close, on Wednesday, July 30, 2014, the company's shares lost 2.12% to end at $46.70. The company's shares oscillated between $46.68 and $47.95 during the trading session. A total of 2.51 million shares were traded, higher than its three months average volume of 2.39 million shares. Coca-Cola Enterprises Inc.'s shares have fallen by 2.81% in the previous three trading sessions and 2.26% in the last one month, while the stock has advanced 5.82% on YTD basis. The company is trading above its 200-day moving average of $45.01, while the 200-day moving average is below Coca-Cola Enterprises Inc.'s 50-day moving average of $46.97. Additionally, the stock traded at a PE ratio of 17.02 and has an RSI of 47.98. Visit Investor-Edge and access the latest research on CCE at:

http://www.Investor-Edge.com/CCEEarningsCoverage

Sneak Peek to Corporate Insider Trading  

On July 1, 2014, William W. Douglas III, Coca-Cola Enterprises Inc.'s Supply Chain Executive Vice President, was issued 102,146 shares at an average price of $14.94 per share. Furthermore, in the last one month, the company has not reported any other share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CCE is available at:

http://www.Investor-Edge.com/CCEInsiderTrading

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