Note 21—Quarterly Financial Information (unaudited)

Year Ended December 30, 2017

(in millions of U.S. dollars, except per share amounts)

First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Total

Revenue, net

536.9

580.6

580.9

571.3

2,269.7

Cost of sales

268.1

293.5

288.1

292.3

1,142.0

Gross profit

268.8

287.1

292.8

279.0

1,127.7

SG&A expenses

255.0

260.0

262.8

264.9

1,042.7

Loss (gain) on disposal of property plant and equipment, net

1.3

3.9

(0.4

)

5.4

10.2

Acquisition and integration expenses

7.3

6.7

3.2

8.7

25.9

Operating income

5.2

16.5

27.2

—

48.9

Net (loss) income from continuing operations

(10.2

)

(4.5

)

1.6

9.5

(3.6

)

Net (loss) income from discontinued operations,

net of income taxes

(24.2

)

(17.8

)

43.0

9.7

10.7

Less: Net income attributable to non-controlling interests - discontinued operations

2.0

2.3

2.1

8.5

Net (loss) income attributable to Cott Corporation

(36.4

)

(24.6

)

42.5

17.1

(1.4

)

Per share data:

Net (loss) income per common share attributable to Cott Corporation

Basic:

Continuing operations

(0.07

)

(0.03

)

0.01

0.07

(0.03

)

Discontinued operations

(0.19

)

(0.15

)

0.29

0.05

0.02

Net (loss) income

(0.26

)

(0.18

)

0.30

0.12

(0.01

)

Diluted:

Continuing operations

(0.07

)

(0.03

)

0.01

0.07

(0.03

)

Discontinued operations

(0.19

)

(0.15

)

0.29

0.05

0.02

Net (loss) income

(0.26

)

(0.18

)

0.30

0.12

(0.01

)


	Year Ended December 31, 2016
(in millions of U.S. dollars, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenue, net	$	305.1		$	320.2		$	476.7		$	521.2		$	1,623.2
Cost of sales		140.3			141.1			229.0			262.7			773.1

Gross profit		164.8			179.1			247.7			258.5			850.1
SG&A expenses		159.4			163.0			225.3			258.5			806.2
Loss on disposal of property, plant and equipment, net		1.8			1.4			1.4			2.0			6.6
Acquisition and integration expenses		1.4			11.7			7.4			7.3			27.8

Operating income (loss)		2.2			3.0			13.6			(9.3	)		9.5

Net income (loss) from continuing operations		1.4			(3.0	)		(4.0	)		(54.7	)		(60.3	)

Net (loss) income from discontinued operations, net of income taxes		(2.8	)		11.9			2.9			(23.2	)		(11.2	)

Less: Net income attributable to non-controlling interests - discontinued operations		1.4			1.5			1.5			1.9			6.3

Net (loss) income attributable to Cott Corporation	$	(2.8	)	$	7.4		$	(2.6	)	$	(79.8	)	$	(77.8	)

Per share data:
Net (loss) income per common share attributable to
Cott Corporation
Basic:
Continuing operations	$	0.01		$	(0.02	)	$	(0.03	)	$	(0.40	)	$	(0.47	)

Discontinued operations	$	(0.03	)	$	0.08		$	0.01		$	(0.18	)	$	(0.14	)

Net (loss) income	$	(0.02	)	$	0.06		$	(0.02	)	$	(0.58	)	$	(0.61	)

Diluted:
Continuing operations	$	0.01		$	(0.02	)	$	(0.03	)	$	(0.40	)	$	(0.47	)

Discontinued operations	$	(0.03	)	$	0.08		$	0.01		$	(0.18	)	$	(0.14	)

Net (loss) income	$	(0.02	)	$	0.06		$	(0.02	)	$	(0.58	)	$	(0.61	)