Coca-Cola Enterprises Inc. Provides 2005 Business Update.ATLANTA -- Coca-Cola Enterprises Coca-Cola Enterprises NYSE: CCE is the largest bottler by volume in the Coca-Cola System. It is the anchor bottler for North America and parts of Europe. The company is the bottler of Coca-Cola and its other soft drink products, and in some areas a few other soft drink (NYSE NYSE See: New York Stock Exchange : CCE CCE Cornell Cooperative Extension CCE Corporate and Continuing Education CCE Coca-Cola Enterprises Inc. CCE Commission de Coopération Environnementale CCE Centre for Continuing Education CCE College of Continuing Education CCE Certified Computer Examiner ) --North America continues to generate a strong balance of volume and pricing growth. --Europe results are impacted by weak category trends and unseasonable un·sea·son·a·ble adj. 1. Not suitable to or appropriate for the season. 2. Not characteristic of the time of year: unseasonable weather. 3. Poorly timed; inopportune. weather. Coca-Cola Enterprises (NYSE: CCE) today said its European volume in the third quarter has been below expectations, despite share gains in key markets, as weak category demand, slow retail trends, and unseasonable weather have affected consumer demand. While CCE's North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. are expected to generate a continued balance of volume and pricing growth in the third quarter, the near-term volatility of European business trends will result in earnings per share below the current analyst consensus of 51 cents. Management expects comparable full-year 2005 earnings per share to be in the low to mid-$1.30s, excluding the financial impact from Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. .
Management is currently assessing the one-time costs associated with
lost sales in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , employee and disaster relief efforts as well
as the potential short-term impact on our cost of sales.
Volume Growth Guidance
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3Q05 Full-Year 2005
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North America 1% to 2% Approx. 1%
Europe (3)% to (4)% (1)% to (2)%
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Total Flat to 1% Flat to 1%
CCE is providing this update to its 2005 business performance in advance of an analyst presentation at the Prudential Equity Group Back-to-School Consumer Conference on September 8. Chairman of the Board Lowry F. Kline, Chief Financial Officer Bill Douglas, and Terry Marks Terry Marks (born 1960) is a Stuckist artist in New York City. She was one of the US artists in the landmark show The Stuckists Punk Victorian at the Walker Art Gallery during the 2004 Liverpool Biennial. , president of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Group, will participate in the conference. The company's presentation to the Prudential conference is planned for 3 p.m. ET Thursday, September 8. The presentation will be webcast on the company's Web site, www.cokecce.com. Coca-Cola Enterprises Inc. is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic non·al·co·hol·ic adj. A beverage usually containing less than 0.5 percent alcohol by volume. refreshment. Coca-Cola Enterprises sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands. Forward-Looking Statements Included in this news release are forward-looking management comments and other statements that reflect management's current outlook for future periods. As always, these expectations are based on the currently available competitive, financial, and economic data along with our operating plans and are subject to future events and uncertainties. The forward-looking statements in this news release should be read in conjunction with the detailed cautionary statements found on pages 33 and 34 of our 2004 Annual Report and on pages 32 through 34 of the company's Second-Quarter 2005 Form 10-Q Form 10-Q See 10-Q. .
Coca-Cola Enterprises Inc.
Key Financial Information
(Unaudited; In Millions)
2005
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Diluted Earnings Per Share Guidance
-----------------------------------
Reported Net Income Per Diluted Common
Share Mid $1.30s to High $1.30s
HFCS Litigation Settlement Proceeds (0.06)
Net Favorable Tax Items (0.08)
Gain on Asset Sale (0.01)
Restructuring Charges (estimate) 0.10 to 0.13
Loss on Equity Securities 0.01
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Comparable Net Income Per Diluted Share (a) Low $1.30s to Mid $1.30s
========================
Note: Reconciliation excludes the tax expense associated with the
potential repatriation of cash during the year and the financial
costs associated with Hurricane Katrina.
(a) These non-GAAP measures are provided to assist investors in
evaluating our ongoing operating performance and business trends.
Management uses this information to review results excluding items
that are not necessarily indicative of our ongoing results.
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