---
schema_version: "secwatch.filing_event.v1"
accession: "0000317540-24-000030"
form_type: "8-K"
ticker: "COKE"
cik: "0000317540"
company_name: "Coca-Cola Consolidated, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:32:12.142651+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coke Consolidated Q1 op income up 5%; announces $3.1B share repurchase with tender offer $850-$925

## Summary
- Q1 net sales $1.592B (+1.3%), operating income $215.4M (+4.5%), net income $165.7M vs $118.1M.
- Gross margin improved 50bps to 40.2%; Sparkling bottle/can sales rose 3.4% to $952M.
- Intends to repurchase up to $3.1B of common stock: $2.0B Dutch auction tender offer at $850-$925/share.
- Separate purchase agreement with Coca-Cola subsidiary to reduce ownership to 21.5% after repurchase.
- Tender offer expected to launch May 20, 2024; J. Frank Harrison III will not tender shares.

## SEC filing metadata
- accession: 0000317540-24-000030
- form_type: 8-K
- ticker: COKE
- cik: 0000317540
- company_name: Coca-Cola Consolidated, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317540/000031754024000030/0000317540-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317540/000031754024000030/coke-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000317540-24-000030
- JSON: https://secwatch.observer/filing/0000317540-24-000030.json
- Plain text: https://secwatch.observer/filing/0000317540-24-000030.txt

## Key facts
- Earnings Releases
  Coca-Cola Consolidated, Inc. reported first quarter ended March 29, 2024 results: revenue $1,591.6 (in millions), net income $165.7 million. Guidance reaffirmed.
  - Period: first quarter ended March 29, 2024
  - Revenue: $1,591.6 (in millions)
  - Net income: $165.7 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Key Results First Quarter (in millions) 2024 2023 Change Standard physical case volume 82.1 82.5 (0.4)% Comparable standard physical case volume (1) 82.1 81.5 0.7% Net sales $1,591.6 $1,571.6 1.3% Gross profit $640.6 $624.1 2.6% Gross margin 40.2 % 39.7 % Income from operations $215.4 $206.1 4.5% Operating margin 13.5 % 13.1 % Beverage Sales First Quarter (in
  evidence_url: https://www.sec.gov/Archives/edgar/data/317540/000031754024000030/0000317540-24-000030-index.htm

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