Exhibit 99.1 

Cott Reports Third Quarter 2018 Results

(Unless stated otherwise, all third quarter 2018 comparisons are relative to the third quarter of 2017; all information is in U.S. dollars.)

TORONTO and TAMPA, FL, Nov. 8, 2018 /CNW/ - Cott Corporation (NYSE:COT) (TSX:BCB) today announced its results for the third quarter ended September 29, 2018.

THIRD QUARTER 2018 HIGHLIGHTS – CONTINUING OPERATIONS

• Increased revenue 5% (6% excluding the impact of foreign exchange and adjusting for the change in average cost of coffee) to $609 million compared to $581 million.
• Reported net income and net income per diluted share of $9 million and $0.06, respectively, compared to reported net income and net income per diluted share of $2 million and $0.01, respectively. Adjusted EBITDA increased 11% to $93 million.
• Returned approximately $32 million to shareowners through $8 million in quarterly dividends and $24 million of share repurchases.
• Updated targeted full year 2018 consolidated revenue to approximately $2.37 billion from over $2.35 billion and updated full year 2018 cash flow provided by operations to approximately $245 million with capital expenditures of approximately $125 million, resulting in adjusted free cash flow at the upper end of our $115 to $120 million expectation (when excluding acquisition, integration, and other adjustments).
• Acquired Mountain Valley, a fast-growing premium American brand of spring and sparkling water that is one of the most recognized home and office ("HOD") brands in the United States. Mountain Valley has been bottling in glass continuously since 1871, with one production facility in Hot Springs, Arkansas, and four protected and owned springs in the Ouachita Mountains with excess capacity to supply long-term demand. Channels of business include HOD, the natural food channel, on-premise, E-commerce and strategic contract packing.

"We experienced good top and bottom line momentum this quarter driven by increased customers, consumption, pricing, and tuck-in acquisitions within our Route Based Services business," commented Jerry Fowden, Cott's Chief Executive Officer. "With our Route Based Services business performing well including the successful implementation of our pricing actions alongside the addition of a fast-growing premium spring, sparkling and flavored water brand with the acquisition of Mountain Valley, we are well positioned to deliver on our 2018 and 2019 free cash flow goals," continued Mr. Fowden.

• Gross profit increased 6% to $311 million, driven primarily by revenue growth which included the implementation of pricing actions taken during the quarter that mitigated the general inflation increases that have been prevalent in 2018 within the Route Based Services segment.
• Interest expense was $19 million compared to $23 million.
• Reported net income and net income per diluted share of $9 million and $0.06, respectively, compared to reported net income and net income per diluted share of $2 million and $0.01, respectively.
• Reported EBITDA was $78 million compared to $75 million in the prior year and adjusted EBITDA increased 11% to $93 million. Both were driven primarily by revenue growth and gross margin expansion.
• In the third quarter, net cash provided by operating activities of $78 million less $36 million of capital expenditures resulted in reported free cash flow of $42 million and adjusted free cash flow of $56 million compared to adjusted free cash flow of $13 million in the prior year. Year-to-date, net cash provided by operating activities of $146 million less $95 million of capital expenditures resulted in reported free cash flow of $51 million and adjusted free cash flow of $85 million (see Exhibit 7).

• Gross profit increased 7% to $267 million, due primarily to increased revenue from customer growth, increased consumption and the benefits of tuck-in acquisitions while our pricing initiatives successfully offset the market inflation that has been prevalent in 2018.
• Operating income increased 27% to $38 million, due largely to an increase in gross profit.

Coffee, Tea and Extract Solutions

• Revenue decreased 2% to $140 million (increased 1% adjusting for the change in average cost of coffee) driven by the pass-through of lower green coffee commodity costs, change in customer mix, and the lapping of outsized coffee and tea volume growth of 9% last year when we increased our market share and saw new customer pipeline fills. The 1% increase in revenue after adjusting for the change in average cost of coffee was driven by a 51% increase in liquid extract volume, offset in part by a 3% reduction in roast and ground coffee volume.

• Gross profit was $35 million compared to $37 million and operating income was $5 million compared to $4 million as the effect of lower roast and ground coffee volume and the price/mix shift into larger quick service restaurants was more than offset by liquid extract growth and reduced SG&A costs.

Updated full year expectations for 2018 cash flow provided by operations of approximately $245 million with capital expenditures of approximately $125 million, resulting in adjusted free cash flow at the upper end of our $115 to $120 million expectation (when excluding acquisition, integration, and other adjustments) as well as full year expectations for 2019 cash flow provided by operations of approximately $265 to $270 million with capital expenditures of approximately $120 million, resulting in adjusted free cash flow of over $150 plus million (when excluding acquisition, integration, and other working capital adjustments). 

SHARE REPURCHASE PROGRAM

Cott repurchased approximately 1.6 million shares at an average price of $15.40 totaling approximately $24 million during the third quarter under its previously announced share repurchase program.

The repurchase program is capped at $50 million, commenced on May 7, 2018 and ends on May 6, 2019. Cott intends to manage this program opportunistically and make repurchases from time to time when management believes market conditions are favorable.

There can be no assurance as to the precise number of shares, if any, that will be repurchased under the share repurchase program in the future, or the aggregate dollar amount of the shares to be purchased in future periods. Cott may discontinue purchases at any time, subject to compliance with applicable regulatory requirements. Shares purchased pursuant to the share repurchase program were cancelled.

THIRD QUARTER 2018 RESULTS CONFERENCE CALL

Cott Corporation will host a conference call today, November 8, 2018, at 10:00 a.m. ET, to discuss third quarter results, which can be accessed as follows:

North America: (888) 231-8191
International: (647) 427-7450
Conference ID: 7586828

A live audio webcast will be available through Cott's website at http://www.cott.com. The earnings conference call will be recorded and archived for playback on the investor relations section of the website for a period of two weeks following the event.

ABOUT COTT CORPORATION

Cott is a water, coffee, tea, extracts and filtration service company with a leading volume-based national presence in the North American and European home and office delivery industry for bottled water, and a leader in custom coffee roasting, iced tea blending, and extract solutions for the U.S. foodservice industry. Our platform reaches over 2.5 million customers or delivery points across North America and Europe and is supported by strategically located sales and distribution facilities and fleets, as well as wholesalers and distributors. This enables us to efficiently service residences, businesses, restaurant chains, hotels and motels, small and large retailers, and healthcare facilities.

Non-GAAP Measures

To supplement its reporting of financial measures determined in accordance with GAAP, Cott utilizes certain non-GAAP financial measures. Cott excludes from GAAP revenue the impact of foreign exchange and the change in average costs of coffee to separate the impact of these factors from Cott's results of operations. Cott utilizes EBITDA and adjusted EBITDA on a global basis to separate the impact of certain items from the underlying business. Because Cott uses these adjusted financial results in the management of its business, management believes this supplemental information is useful to investors for their independent evaluation and understanding of Cott's underlying business performance and the performance of its management. Additionally, Cott supplements its reporting of net cash provided by (used in) operating activities from continuing operations determined in accordance with GAAP by excluding additions to property, plant and equipment to present free cash flow, and by excluding acquisition and integration cash costs, a working capital adjustment related to the Concentrate Supply Agreement with Refresco and other cash inflows to present adjusted free cash flow, which management believes provides useful information to investors in assessing our performance, comparing our performance to the performance of our peer group, and assessing our ability to service debt and finance strategic opportunities, which include investing in our business, making strategic acquisitions, paying dividends, repurchasing common shares, and strengthening the balance sheet. The non-GAAP financial measures described above are in addition to, and not meant to be considered superior to, or a substitute for, Cott's financial statements prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this earnings announcement reflect management's judgment of particular items, and may be different from, and therefore may not be comparable to, similarly titled measures reported by other companies.

Safe Harbor Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 conveying management's expectations as to the future based on plans, estimates and projections at the time Cott makes the statements. Forward-looking statements involve inherent risks and uncertainties and Cott cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. The forward-looking statements contained in this press release include, but are not limited to, statements related to the amount of shares that may be repurchased under the share repurchase program, the execution of our strategic priorities, future financial and operating trends and results (including Cott's outlook on 2018 revenue and free cash flow) and related matters. The forward-looking statements are based on assumptions regarding management's current plans and estimates. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate.

Factors that could cause actual results to differ materially from those described in this press release include, among others: our ability to compete successfully in the markets in which we operate; fluctuations in commodity prices and our ability to pass on increased costs to our customers or hedge against such rising costs and the impact of those increased prices on our volumes; our ability to manage our operations successfully; our ability to fully realize the potential benefit of acquisitions or other strategic opportunities that we pursue; potential liabilities associated with the Refresco transaction; our ability to realize the revenue and cost synergies of our recent acquisitions because of integration difficulties and other challenges; the limited nature of our indemnification rights under our recent acquisition agreements; our exposure to intangible asset risk; currency fluctuations that adversely affect the exchange between the U.S. dollar and the British pound sterling, the Euro, the Canadian dollar, and other currencies, and the exchange between the British pound sterling and the Euro; our ability to maintain favorable arrangements and relationships with our suppliers; our ability to meet our obligations under our debt agreements, and risks of further increases to our indebtedness; our ability to maintain compliance with the covenants and conditions under our debt agreements; fluctuations in interest rates, which could increase our borrowing costs; the incurrence of substantial indebtedness to finance our recent acquisitions; the impact of global financial events on our financial results; credit rating changes; our ability to fully realize the expected cost savings and/or operating efficiencies from our restructuring activities; any disruption to production at our manufacturing facilities; our ability to maintain access to our water sources; our ability to protect our intellectual property; compliance with product health and safety standards; liability for injury or illness caused by the consumption of contaminated products; liability and damage to our reputation as a result of litigation or legal proceedings; changes in the legal and regulatory environment in which we operate; the seasonal nature of our business and the effect of adverse weather conditions;  the impact of national, regional and global events, including those of a political, economic, business and competitive nature; our ability to recruit, retain, and integrate new management; our ability to renew our collective bargaining agreements on satisfactory terms; disruptions in our information systems; our ability to securely maintain our customers' confidential or credit card information, or other private data relating to our employees or our company; our ability to maintain our quarterly dividend; our ability to adequately address the challenges and risks associated with our international operations and address difficulties in complying with laws and regulations including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010; increased tax liabilities in the various jurisdictions in which we operate; our ability to utilize tax attributes to offset future taxable income; and the impact of the 2017 Tax Cuts and Jobs Act on our tax obligations and effective tax rate.

The foregoing list of factors is not exhaustive. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Cott's Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other filings with the securities commissions. Cott does not undertake to update or revise any of these statements in light of new information or future events, except as expressly required by applicable law. 

Exhibit 99.2 

Cott Announces Appointment of Britta Bomhard and Steven Stanbrook to Board of Directors and Declaration of Dividend

TORONTO and TAMPA, FL, Nov. 7, 2018 /CNW/ - Cott Corporation (NYSE:COT; TSX:BCB) today announced the appointment of Britta Bomhard and Steven Stanbrook to the Cott Corporation Board of Directors, effective immediately. Ms. Bomhard will be an independent director and serve as a member of the Corporate Governance Committee of the Board. Mr. Stanbrook will also be an independent director and serve as a member of the Human Resources and Compensation Committee of the Board.

"We are excited to have Britta and Steven join Cott's Board of Directors. Britta is a multilingual proven executive of an international business with experience in mergers and acquisitions, strategic planning, sales and marketing and operational improvements, and Steven has extensive executive and governance experience gained through his various roles with international consumer packaged goods businesses," commented David Gibbons, Cott's Chairman of the Board. "They both bring a wealth of leadership experience and are excellent complements to our existing Board skill set," continued Mr. Gibbons.

Ms. Bomhard, 49, is the Executive Vice President and Chief Marketing Officer of Church & Dwight, Inc. a producer of household, personal care, and specialty products, and has held that position since 2016.  She previously held the role of General Manager of Europe at Church & Dwight from 2013 to 2016.  From 2005 to 2013, Ms. Bomhard served in a variety of marketing and general management roles across Europe at Energizer. Prior to Energizer, Ms. Bomhard worked for Wella AG and GlaxoSmithKline in their marketing organizations.

Mr. Stanbrook, 61, is a corporate director, currently serving on the board of directors for Imperial Brands PLC, a multinational company listed on the London Stock Exchange, Vee Pak, Inc., a contract manufacturer of personal and beauty care products and The Vollrath Company, LLC, a commercial and institutional foodservice equipment supplier. Mr. Stanbrook previously served on the board of directors of Hewitt Associates, Inc., a provider of human capital and management consulting services, and Chiquita Brands International, Inc., a producer and distributor of fresh fruit and produce, fruit ingredients and other processed foods, both listed on the New York Stock Exchange. From 1996 to 2015, Mr. Stanbrook served in various roles at S.C. Johnson & Son, a global manufacturer of consumer products, including Chief Operating Officer, International Markets. Prior to S.C. Johnson & Son, he served as Chief Executive Officer of Sara Lee Bakery.

Separately, Cott's Board of Directors has declared a dividend of US$0.06 per share on common shares, payable in cash on December 7, 2018 to shareowners of record at the close of business on November 27, 2018.

About Cott Corporation

Cott is a water, coffee, tea, extracts and filtration service company with a leading volume-based national presence in the North American and European home and office delivery industry for bottled water, and a leader in custom coffee roasting, iced tea blending, and extract solutions for the U.S. foodservice industry.  Our platform reaches over 2.5 million customers or delivery points across North America and Europe and is supported by strategically located sales and distribution facilities and fleets, as well as wholesalers and distributors.  This enables us to efficiently service residences, businesses, restaurant chains, hotels and motels, small and large retailers, and healthcare facilities.

Website: www.cott.com

SOURCE Cott Corporation

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%CIK: 0000884713

For further information: Jarrod Langhans, Investor Relations, Tel: (813) 313-1732, Investorrelations@cott.com

CO: Cott Corporation

CNW 06:30e 07-NOV-18