earnings
confidence high
sentiment negative
materiality 0.65
Coca-Cola Consolidated Q1 operating income down 12% to $190M; volume declines 6.6%
Coca-Cola Consolidated, Inc.
- Net sales of $1.58B down 0.7% YoY; two fewer selling days reduced sales ~$40M (2.5%).
- Income from operations $189.8M, down 11.9%; operating margin compressed 150 bps to 12.0%.
- Volume fell 6.6%; adjusted for selling days, Sparkling -3.0%, Still -9.0%; Dasani shift cut volume 1.3%.
- Net income $103.6M down 37%; adjusted net income $136.3M down 16%; cash from ops $198.2M slightly up.