Clearly Canadian Beverage Corp (CLCDF) Message Board

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Gold/Mining/Energy : Clearly Canadian Beverage Corp (CLCDF)

CLV 1.430

0.0%

Feb 8 3:00 PM EDT

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To: Kristine Benson who wrote (153)	10/25/1997 10:08:00 AM
From: Sharad Gupta	Read Replies (1) of 206

Friday October 24 6:37 PM EDT Clearly Canadian says Q3 results fall short VANCOUVER, Oct 24 (Reuters) - Clearly Canadian Beverage Corp said on Friday that its third-quarter results would be below expectations due to higher than anticipated restructuring charges and weaker than predicted sales of its Orbitz beverage The drinks company, which has been struggling to improve profitability, did not provide any figures on its revised projections. Company officials were not immediately available for comment. Clearly Canadian said it would release its third-quarter earnings on November 14. The company said aggressive cost cutting in the first three quarters resulted in higher than expected restructuring charges, but that those would help in the future. Chief Executive Doug Mason said in a statement that Orbitz had not maintained high sales experienced after its launch, but that that that was a common pattern. The drink has sold two million cases in the past 18 months, he said. Clearly Canadian was halted on Nasdaq in late trading at 1-13/16 for dissemination of the earnings news. It fell 0.35 to 2.25 in Vancouver.

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