"A Winning Performance" Says Cott's Weise At Company's Annual Meeting; Introduces Strategic Framework For Future Growth.Business Editors TORONTO--(BUSINESS WIRE)--April 18, 2002 (All information in US dollars) Cott Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : COTT; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band ) Chairman, President and Chief Executive Officer Frank E. Weise told shareowners today at the Company's annual meeting that Cott is delivering on its growth strategy. "We delivered a Winning Performance for 2001" Weise told shareowners at this year's annual meeting, held at Toronto's Stock Exchange, "Going forward, we are planning to build on this performance and move confidently on our path to growth." In 2001, total sales grew 10% to reach a record $1.1 billion. Gross margin increased in 2001 to 17.2% of sales and earnings per share or EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. grew 53% to 58 cents. Weise outlined Cott's 2002 strategies which include "expand the core", "drive margins and cash flow", "make acquisitions and alliances", and "build world-class teams". He noted that the Company's record has now extended into its fourth consecutive year, as evidenced by first quarter 2002 results announced yesterday. The Company reported increased earnings (before one-time charges) of $0.11, up 57% versus those of last year's first quarter. "I salute the commitment of each member of the Cott family to the success of the Company," added Weise. "We are paving the way for sustainable growth in the future." The Company also awarded its fourth annual Gerald N. Pencer Award for Excellence in Innovation to Cott Canada and its Marketing Team, for their outstanding execution of the roll-out of cranberry cranberry, low creeping evergreen bog plant of the genus Oxycoccus of the family Ericaceae (heath family). Cranberries are considered by some botanists to belong to the blueberry genus Vaccinium. products in Canada. The team was represented by Jennifer Rodriguez Jennifer Rodriguez (born June 8, 1976 in Miami, FL) is a Cuban-American speed skater. She started her career as an artistic roller skater, winning multiple national championships and placing second and third at world championships. , Shari Vandermeer, Bill Moorman, Mark Mackay, Jan Hanula and Brian Motycka. The award, named after Cott's late founder, includes a prize of $10,000; $5,000 in Cott stock and $5,000 in cash. During the formal business meeting, PriceWaterhouseCoopers was re-appointed auditor to the Company. Shareowners also re-elected the 10-member Cott Board of Directors, consisting of Colin J. Adair, W. John Bennett
John Bennett may refer to:
About Cott Corporation Cott Corporation is the world's largest retailer brand soft drink supplier, with the leading take home carbonated soft drink market shares in this segment in its core markets of the U.S. Canada and the U.K. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions, and include, without limitation, stability of procurement costs for raw and packaging materials, adverse weather conditions, competitive activities by national, regional and retailer brand beverage manufacturers, the Company's ability to integrate acquired business into its operations, fluctuations in currency versus the U.S. dollar, the uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and retailers' continued commitment to their retailer brand beverage programs. The foregoing list of factors is not exhaustive. The Company undertakes no obligation to publicly update or revise any forward-looking statements. |
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