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Coca-Cola Bottlers Japan Holdings shares fall sharply on Q1 operating loss
Coca-Cola Bottlers Japan Holdings Inc. <2579> shares fell sharply. After the market close on April 30th, the company announced its first quarter (January-March) consolidated earnings results. Revenue was 196,521 million yen (up 3.6% year-on-year), while operating loss came to 240 million yen (compared to a loss of 10,069 million yen in the same period last year). The market appears to be taking a negative view of the loss-making result.
Sales volume progressed above plan, and the effects of price revisions were also reflected. On the earnings front, while the operating loss narrowed compared to the same period last year due to increased revenue, various expenses including IT-related investments and personnel costs for future profit growth weighed on results. The company maintained its full-year forecast for revenue growth and return to profitability.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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