---
schema_version: "secwatch.filing_event.v1"
accession: "0000317540-23-000040"
form_type: "8-K"
ticker: "COKE"
cik: "0000317540"
company_name: "Coca-Cola Consolidated, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:12:35.136239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000317540-23-000040
- form_type: 8-K
- ticker: COKE
- cik: 0000317540
- company_name: Coca-Cola Consolidated, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317540/000031754023000040/0000317540-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317540/000031754023000040/coke-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000317540-23-000040
- JSON: https://secwatch.observer/filing/0000317540-23-000040.json
- Plain text: https://secwatch.observer/filing/0000317540-23-000040.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/317540/000031754023000040/0000317540-23-000040-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/317540/000031754023000040/0000317540-23-000040-index.htm

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