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Cott Corp. announced its results for the fourth quarter and fiscal year ended Jan. 2, 2010. Fourth quarter 2009 revenue was $386.0 million, compared to $371.4 million, an increase of 3.9 percent, or 2.0 percent excluding the impact of foreign exchange. Operating income increased to $13.9 million, compared to an operating loss of $15.6 million. Net income was $14.0 million, compared to a net loss of $12.1 million. Earnings per diluted share increased to $0.17, compared to a loss of $0.17. The fourth quarter and fiscal year 2009 included an additional week of sales relative to 2008 that is estimated to have contributed $20.3 million of additional revenue and $1.3 million of additional operating income.

"I am pleased that the fourth quarter continued the trend of improved results and allowed us to finish what has been an excellent year," said Cott's Chief Executive Officer Jerry Fowden in a prepared statement. "As we begin 2010, we are focusing on the operational objectives that worked so well for us in 2009 and on pursuing our goals for smart new business wins," added Fowden. "Successfully extending our long-term debt maturity during the quarter was a key milestone in our efforts to strengthen our balance sheet and to improve our financial flexibility," commented Cott's chief financial officer, Neal Cravens.