|Bid||8.70 x 0|
|Ask||8.75 x 0|
|Day's range||8.71 - 8.82|
|52-week range||7.52 - 10.87|
|PE ratio (TTM)||14.58|
|Earnings date||20 Feb. 2018 - 26 Feb. 2018|
|Forward dividend & yield||0.68 (7.70%)|
|1y target est||8.63|
The body representing independent grocers including the IGA supermarket franchise has appointed former Coca-Cola Amatil boss Warwick White as its first chief executive. Stone Advisory, which represents IGA and other independent retailers, has hired Mr White as its members seek to compete more strongly with local supermarket giants Woolworths and Coles, as well as relative newcomer Aldi. Mr White says the independents are well placed to "accelerate change" as they seek to increase their share of Australia's $90 billion supermarket industry.
Coca-Cola Amatil is seeing signs of improvement in its key Australian soft drinks and water business while strong full-year contributions from its offshore markets helped the bottler's shares gain ground. Net profit for Coca-Cola Amatil jumped 81 per cent to $445.2 million for the year to December 31, fuelled by one-off gains, while total revenue of $4.9 billion was down 2.8 per cent on the previous year. CC-Amatil managing director Alison Watkins said despite the overall weak performance from Australian beverages, there was an improvement in revenue, volume and earnings in the second half as investments in lower prices slowed declining sales.
Coca-Cola Amatil's annual net profit has risen 80.9 per cent to $445.2 million, fuelled by one-off gains, but the bottler's key Australian beverages division had a challenging year. Total revenue of $4.9 billion during the year to December 31 was down 2.8 per cent on the previous year. Underlying earnings before interest and tax (EBIT) from Australian beverages, which makes up 61 per cent of group earnings, was down 6.4 per cent to $412.6 million.
Coca-Cola Amatil's annual net profit has risen 80.9 per cent to $445.2 million. Underlying profit and underlying earnings before tax fell 0.4 per cent and 0.7 per cent respectively, but net profit was ...
The head of Coca-Cola Amatil's Australian beverage business, Peter McLoughlin, is stepping down to take extended sick leave. Managing director Alison Watkins says it is important that Mr McLoughlin, who overseas the company's range of soft drinks, bottled water, juice and energy drinks in Australia, puts his health and family first. "I want to recognise the huge contribution Peter has made to Coca-Cola Amatil, and the great affection and respect we have for him," she said.
Telstra is leading a consortium of large energy users that will buy renewable energy from a wind farm to be built in western Victoria. The long-term deal, which also includes ANZ, Coca-Cola Amatil and the University of Melbourne, gives construction the green light on the 226-megawatt first stage of the Murra Warra wind farm near Horsham. The wind farm, which is owned by RES Australia and Macquarie Capital, is expected to generate more energy than any other wind farm currently operating in the southern hemisphere once completed.
Shares in Coca-Cola Amatil have jumped after Citi analysts upgraded the company to a buy rating, forecasting a stabilisation in earnings from its Australian business and growth potential in Indonesia. Citi expects revenue growth from Coca-Cola's Australia division to return in the 2018 financial year, citing an acceleration in new product launches, water pricing changes and the targeting of cafe and restaurant customers as a new channel for growth. The upgrade comes less than a week after the soft drinks company warned its earnings would be impacted by $40 million of incremental spending aimed at driving growth in its Australian business.
Shares in Coca-Cola Amatil have hit their lowest level in almost a decade after the drinks distributor warned its earnings will be impacted by $40 million of spending aimed at driving growth in its Australian drinks business. Managing director Alison Watkins said on Wednesday that $40 million of investments planned for 2019 and 2020 will be now be made in 2018, to increase marketing, lower prices, add new drink machines and improve technology. Citi markets equities director Karen Jorritsma said the share price fall was a reaction to the cost of the new investment.
Coca-Cola Amatil says its earnings will be impacted by $40 million of investments aimed at driving growth in its Australian drinks business. "Our Accelerated Australian Growth Plan brings forward around $40 million in reinvestment of cost savings to 2018, to deliver increases in marketing, execution, cold drink equipment, digital technology and price," managing director Alison Watkins said in a statement ahead of an investor briefing in Jakarta. Underlying earnings in Coca-Cola's Australian beverages division, which includes the Coca-Cola, Mount Franklin and Monster Energy brands, dropped 13 per cent in the first half of 2017.
Beverages giant Coca-Cola Amatil has boosted its presence in the craft beer market by acquiring West Australian craft brewer Feral Brewing Company. Feral was founded in 2002 as a family-owned independent brewery in WA's Swan Valley producing the brands Feral Brewing Co, Perth Local Lager and Brewpub Series. Feral Brewing produces about 7.2 million litres of beer per year.