date:May 08, 2014
Coca-Cola Bottling Co. Consolidated today announced it earned $2.4 million, or basic net income per share of $.26, on net sales of $388.6 million for the first quarter of 2014, compared to net income of $4.9 million, or basic net income per share of $.53, on net sales of $383.6 million for the first quarter of 2013.
The results for the first quarter of 2014 included $0.5 million of after-tax gains ($0.8 million on a pre-tax basis) due to mark-to-market adjustments on commodity hedges, $1.2 mill