secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000317540-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000031754023000032/0000317540-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000031754023000032/coke-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000317540-23-000032

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