---
schema_version: "secwatch.filing_event.v1"
accession: "0000317540-23-000008"
form_type: "8-K"
ticker: "COKE"
cik: "0000317540"
company_name: "Coca-Cola Consolidated, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:34:17.902975+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000317540-23-000008
- form_type: 8-K
- ticker: COKE
- cik: 0000317540
- company_name: Coca-Cola Consolidated, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317540/000031754023000008/0000317540-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317540/000031754023000008/coke-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000317540-23-000008
- JSON: https://secwatch.observer/filing/0000317540-23-000008.json
- Plain text: https://secwatch.observer/filing/0000317540-23-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/317540/000031754023000008/0000317540-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.