{"schema_version":"secwatch.filing_event.v1","accession":"0000317540-23-000048","form_type":"8-K","ticker":"COKE","cik":"0000317540","company_name":"Coca-Cola Consolidated, Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.627684+00:00","generated_at":"2026-06-09T03:28:52.335817+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Coca-Cola Consolidated Q3 net sales up 5% to $1.71B; operating income up 14%; net debt free for first time in 40 years","bullets":["Q3 net sales $1.71B (+5% YoY); operating income $216M (+14% YoY); adjusted net income $164M vs $139M.","Achieved net debt free status (cash > debt) for first time in ~40 years.","Sparkling volume flat, Still volume down 5.4%; introduced Bang Energy into portfolio.","Expect sales growth to slow in Q4 as fully cycle 2022 price increases; FY 2023 capex guidance $250-300M.","Recorded non-cash pension settlement charge of $77.3M in Q3 ($117.1M YTD) impacting GAAP net income."],"urls":{"canonical":"https://secwatch.observer/filing/0000317540-23-000048","json":"https://secwatch.observer/filing/0000317540-23-000048.json","markdown":"https://secwatch.observer/filing/0000317540-23-000048.md","text":"https://secwatch.observer/filing/0000317540-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/317540/000031754023000048/0000317540-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/317540/000031754023000048/coke-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:28:52.335817+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"79572fae0315a869aa24428a620a36a19280bc50","claim":"Coca-Cola Consolidated, Inc. reported the third quarter ended September 29, 2023 results: revenue $1,712.4, net income $92.1 million.","evidence_excerpt":"Key Results Third Quarter First Nine Months (in millions) 2023 2022 Change 2023 2022 Change Standard physical case volume (1) 91.8 93.1 (1.4)% 266.8 274.6 (2.8)% Net sales $1,712.4 $1,628.6 5.1% $5,022.9 $4,628.2 8.5% Gross profit $661.6 $621.1 6.5% $1,957.2 $1,679.3 16.5% Gross margin 38.6 % 38.1 % 39.0 % 36.3 % Income from operations $216.3 $189.9 13.9%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/317540/000031754023000048/0000317540-23-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 29, 2023"},{"label":"Revenue","value":"$1,712.4"},{"label":"Net income","value":"$92.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"958c5c5b0121bee45caf311995e565e622d75de3","claim":"Coca-Cola Consolidated, Inc. reported the first nine months of fiscal 2023 results: revenue $5,022.9.","evidence_excerpt":"Quarter First Nine Months (in millions) 2023 2022 Change 2023 2022 Change Standard physical case volume (1) 91.8 93.1 (1.4)% 266.8 274.6 (2.8)% Net sales $1,712.4 $1,628.6 5.1% $5,022.9 $4,628.2 8.5% Gross profit $661.6 $621.1 6.5% $1,957.2 $1,679.3 16.5% Gross margin 38.6 % 38.1 % 39.0 % 36.3 % Income from operations $216.3 $189.9 13.9% $656.0 $468.2 40.1%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/317540/000031754023000048/0000317540-23-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first nine months of fiscal 2023"},{"label":"Revenue","value":"$5,022.9"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}