secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000317540-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000031754024000008/0000317540-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000031754024000008/coke-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000317540-24-000008

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