---
schema_version: "secwatch.filing_event.v1"
accession: "0000317540-23-000032"
form_type: "8-K"
ticker: "COKE"
cik: "0000317540"
company_name: "Coca-Cola Consolidated, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:48:22.646428+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coca-Cola Consolidated reports Q1 2023 net sales up 12% to $1.57B, operating income +57%

## Summary
- Net sales $1.57B (+12% YoY); gross margin improved 360 bps to 39.7%.
- Operating income $206.1M (+57% YoY); net income $118.1M vs $93.4M.
- Standard case volume declined 3.1% (comparable -2.0%); sparkling volume up 0.2% on comparable basis.
- Cash from operations $184.7M vs $130.9M; capex $52.7M in Q1, full-year guide $250-300M.
- Strong pricing growth expected to slow as 2022 price increases are lapped.

## SEC filing metadata
- accession: 0000317540-23-000032
- form_type: 8-K
- ticker: COKE
- cik: 0000317540
- company_name: Coca-Cola Consolidated, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317540/000031754023000032/0000317540-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317540/000031754023000032/coke-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000317540-23-000032
- JSON: https://secwatch.observer/filing/0000317540-23-000032.json
- Plain text: https://secwatch.observer/filing/0000317540-23-000032.txt

## Key facts
- Earnings Releases
  Coca-Cola Consolidated, Inc. reported first quarter ended March 31, 2023 results: revenue $1,571.6 million, net income $118.1 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1,571.6 million
  - Net income: $118.1 million
  - Result: reported results
  source text: teammate compensation to strategic supply chain projects, have been key to sustaining our business momentum and continuing to build on our success.” Net sales increased 12% to $1.57 billion in the first quarter of 2023. The increase in net sales was driven primarily by price increases taken across our product portfolio during the second half of 2022 and the
  evidence_url: https://www.sec.gov/Archives/edgar/data/317540/000031754023000032/0000317540-23-000032-index.htm

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