---
schema_version: "secwatch.filing_event.v1"
accession: "0000317540-24-000008"
form_type: "8-K"
ticker: "COKE"
cik: "0000317540"
company_name: "Coca-Cola Consolidated, Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:27:22.497900+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coca-Cola Consolidated reports FY23 net sales +7%, operating income +30% to $834M, margin 12.5%

## Summary
- FY23 net sales $6.65B (+7.3%); gross profit $2.60B (+14.1%); operating income $834.5M (+30.2%).
- Operating margin expanded 220 bps to 12.5% (FY22: 10.3%), driven by pricing and stable commodity costs.
- Q4 net sales +3.7% to $1.63B; volume +1.1% (flat on comparable basis); gross margin +120 bps to 39.3%.
- FY23 basic EPS $43.56; adjusted basic EPS $65.58; cash from operations $810.7M vs $554.5M in FY22.
- FY24 capex guidance set at $300M-$350M; company cites strong balance sheet and momentum heading into 2024.

## SEC filing metadata
- accession: 0000317540-24-000008
- form_type: 8-K
- ticker: COKE
- cik: 0000317540
- company_name: Coca-Cola Consolidated, Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317540/000031754024000008/0000317540-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317540/000031754024000008/coke-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000317540-24-000008
- JSON: https://secwatch.observer/filing/0000317540-24-000008.json
- Plain text: https://secwatch.observer/filing/0000317540-24-000008.txt

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