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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (12737)	4/28/2004 8:09:52 AM
From: russwinter	Respond to of 110194

Inflation du jour: so much for substituting corn syrup and sugar for milk. Reuters Prices Fuel Coke Enterprises Profit Wednesday April 28, 8:00 am ET By Paul Simao ATLANTA (Reuters) - Coca-Cola Enterprises Inc. (NYSE:CCE - News) on Wednesday reported a sharp rise in quarterly profit, boosted by a weak U.S. dollar and higher prices for its soft drinks, juices and waters. The world's largest bottler of Coca-Cola products also raised its 2004 earnings forecast to a range of $1.48 to $1.52 per share from a previous range of $1.42 and $1.46. In the first quarter of 2004, Coke Enterprises earned $104 million, or 22 cents per share, compared with $27 million, or 6 cents a share, in the year-earlier period. Analysts, on average, expected a profit of 7 cents per share on sales of $3.89 billion, according to Reuters Research, a unit of Reuters Group Plc. Revenue increased to $4.24 billion from $3.67 billion. The Atlanta-based bottler said unit case sales, a key measure of financial health in the beverage sector, rose half a percent in North America, its largest market, and 1.5 percent in Europe, which accounts for about a quarter of its business. Prices for its products increased 3.5 percent in the quarter. Higher soft drink prices are a crucial part of many bottlers' financial outlook, helping them to make up the costs of concentrate, the key ingredient used to manufacture carbonated beverages.