Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 28, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (unaudited)

Quarterly Financial Information (unaudited)

	Year Ended December 28, 2019
(in millions of U.S. dollars, except per share amounts)	First Quarter			Second Quarter		Third Quarter		Fourth Quarter		Total
Revenue, net	$	574.1		$	604.1	$	616.1	$	600.2	$	2,394.5
Cost of sales	291.2			291.0		289.9		294.6		1,166.7
Gross profit	282.9			313.1		326.2		305.6		1,227.8
Selling, general and administrative expenses	272.1			284.2		280.8		275.9		1,113.0
Loss on disposal of property plant and equipment, net	1.9			1.6		1.1		2.9		7.5
Acquisition and integration expenses	4.8			2.7		2.7		6.7		16.9
Operating income	4.1			24.6		41.6		20.1		90.4
Net (loss) income from continuing operations	(19.7		)	4.4		8.6		6.6		(0.1		)
Net income from discontinued operations, net of income taxes	—			—		1.5		1.5		3.0
Net (loss) income attributable to Cott Corporation	$	(19.7	)	$	4.4	$	10.1	$	8.1	$	2.9
Per share data:
Net (loss) income per common share attributable to Cott Corporation
Basic:
Continuing operations	$	(0.14	)	$	0.03	$	0.06	$	0.05	$	—
Discontinued operations	$	—		$	—	$	0.01	$	0.01	$	0.02
Net (loss) income	$	(0.14	)	$	0.03	$	0.07	$	0.06	$	0.02
Diluted:
Continuing operations	$	(0.14	)	$	0.03	$	0.06	$	0.05	$	—
Discontinued operations	$	—		$	—	$	0.01	$	0.01	$	0.02
Net (loss) income	$	(0.14	)	$	0.03	$	0.07	$	0.06	$	0.02

	Year Ended December 29, 2018
(in millions of U.S. dollars, except per share amounts)	First Quarter		Second Quarter			Third Quarter		Fourth Quarter			Total
Revenue, net	$	560.8	$	603.6		$	609.3	$	599.2		$	2,372.9
Cost of sales	287.3		302.2			298.8		309.0			1,197.3
Gross profit	273.5		301.4			310.5		290.2			1,175.6
Selling, general and administrative expenses	261.1		275.2			279.9		275.9			1,092.1
Loss on disposal of property, plant and equipment, net	1.3		1.3			1.2		5.6			9.4
Acquisition and integration expenses	5.0		4.2			1.6		4.5			15.3
Operating income	6.1		20.7			27.8		4.2			58.8
Net income from continuing operations	4.6		12.2			8.5		3.6			28.9
Net income (loss) from discontinued operations, net of income taxes	357.4		(1.4		)	1.5		(2.9		)	354.6
Less: Net income attributable to non-controlling interests - discontinued operations	0.6		—			—		—			0.6
Net income attributable to Cott Corporation	$	361.4	$	10.8		$	10.0	$	0.7		$	382.9
Per share data:
Net income per common share attributable to Cott Corporation
Basic:
Continuing operations	$	0.03	$	0.09		$	0.06	$	0.03		$	0.21
Discontinued operations	$	2.55	$	(0.01	)	$	0.01	$	(0.02	)	$	2.54
Net income	$	2.58	$	0.08		$	0.07	$	0.01		$	2.75
Diluted:
Continuing operations	$	0.03	$	0.09		$	0.06	$	0.03		$	0.21
Discontinued operations	$	2.51	$	(0.01	)	$	0.01	$	(0.02	)	$	2.50
Net income	$	2.54	$	0.08		$	0.07	$	0.01		$	2.71