Coca-Cola Consolidated Q4 net sales up 12% to $1.57B; FY operating income up 46% to $641M

Coca-Cola Consolidated, Inc.

Q4 net sales $1.57B (+12% YoY); gross margin 38.1% (+300 bps); net income $118.4M vs $19.1M.
FY 2022 net sales $6.20B (+11.5%); operating income $641M (+46%); net income $430.2M (+$240.6M).
Sparkling bottle/can sales up 19% in Q4; Still up 7.4%; physical case volume down 1.1% in Q4, flat for FY.
Cash from operations FY $554.5M; reduced debt by $125M; FY 2023 capex guidance $250-300M.
CEO cites record profitability; President notes revenue management and investments in mini can and PET capacity.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Coca-Cola Consolidated, Inc. reported the fourth quarter and the fiscal year ended December 31, 2022 results: revenue $1,572.8, net income $118.4 million.

Period: the fourth quarter and the fiscal year ended December 31, 2022
Revenue: $1,572.8
Net income: $118.4 million
Result: reported results

Exact text from the filing

versus fiscal year 2021. Key Results Fourth Quarter Fiscal Year (in millions) 2022 2021 Change 2022 2021 Change Physical case volume 88.2 89.2 (1.1) % 366.1 366.0 — % Net sales $ 1,572.8 $ 1,402.3 12.2 % $ 6,201.0 $ 5,562.7 11.5 % Gross profit $ 598.6 $ 492.8 21.5 % $ 2,278.0 $ 1,954.2 16.6 % Gross margin 38.1 % 35.1 % 36.7 % 35.1 % Income from operations $ 172.8

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Coca-Cola Consolidated, Inc. filing history →

Source: SEC EDGAR

accession 0000317540-23-000008

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