Coca-Cola Consolidated Q2 net sales +9%, operating margin record 13.4%, volume down 4%

Coca-Cola Consolidated, Inc.

Net sales $1.74B (+9% YoY); gross profit $672M (+22%); gross margin 38.6% (+410 bps).
Operating margin 13.4% vs 9.2% last year; adjusted operating income +47%.
Sparkling bottle/can sales +14.1%; still volume fell 8.9% on sports drinks slowdown.
Q2 net income $122.3M ($13.05 EPS); adjusted $172.8M ($18.43 adjusted EPS).
Expects ~$79M non-cash pension settlement charge in Q3; pricing growth to slow in H2.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Coca-Cola Consolidated, Inc. reported second quarter ended June 30, 2023 results: revenue $1,738.8 million, net income $122.3 million, EPS $13.05.

Period: second quarter ended June 30, 2023
Revenue: $1,738.8 million
Net income: $122.3 million
EPS: $13.05
Result: reported results

Exact text from the filing

Net sales increased 9% to $1.74 billion in the second quarter of 2023 and increased 10% to $3.31 billion in the first half of 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Coca-Cola Consolidated, Inc. reported first half of fiscal 2023 results: revenue $3,310.5 million.

Period: first half of fiscal 2023
Revenue: $3,310.5 million
Result: reported results

Exact text from the filing

Net sales increased 9% to $1.74 billion in the second quarter of 2023 and increased 10% to $3.31 billion in the first half of 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Coca-Cola Consolidated, Inc. filing history →

Source: SEC EDGAR

accession 0000317540-23-000040

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