secwatch.observer — SEC 8-K summary
======================================

Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000317540-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000031754023000008/0000317540-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000031754023000008/coke-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000317540-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer