Cott Announces First Quarter Profit

cottCott Corp the worlds largest Private Brand soft drink maker announced this past week that it has made a first-quarter profit. As reported in my post “Walmart Forces the Fizz!” Cott took a hit earlier this year when Walmart ended its exclusive relationship, the Walmart business accounted for more than 30% of Cott’s business.

According to Reuters: Cott earned $20.8 million, or 28 cents a share, for the quarter ended March 28, compared with a loss of $20.9 million, or 30 cents a share, for the same period a year earlier. Revenue for the quarter slipped 5.8 percent to $367 million due to rise of the U.S. dollar against the currencies of several countries in which Cott operates.

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Christopher Durham is the president of My Private Brand and the co-founder of The Vertex Awards. He is a strategist, author, consultant and retailer who built brands at Delhaize-owned Food Lion, and lead strategy and brand development for Lowe’s Home Improvement. He has consulted with retailers around the world on their private brand portfolios including: Family Dollar, Petco, Staples, Office Depot, Best Buy, Metro (Canada), TLW (Taiwan) and Hola (Taiwan). Durham has published five definitive books on private brands, including his first book, Fifty2: The My Private Brand Project. In 2017, he will debut his newest book, Vanguard: Vintage Originals, a visual tour of innovation and disruption in private brand going back to the mid-1800’s. Dynamic in his presentation while down to earth and frank in his opinions, he has presented at numerous conferences, including FUSE, The Dieline Conference, Packaging that Sells, Omnishopper and PLMA’a annual trade show in Chicago. Durham lives in Charlotte, NC with his wife, Laraine, and two daughters, Olivia and Sarah.