earnings
confidence high
sentiment positive
materiality 0.65
Coke Consolidated Q2 net sales +3% to $1.86B; operating income up 5% to $272M
Coca-Cola Consolidated, Inc.
- Net sales $1,855.5M (+3.3% YoY); gross profit $742.5M (+3.6%); gross margin 40.0% (+10 bps).
- Operating income $272.1M (+5.0%); operating margin 14.7% (+30 bps).
- GAAP net income $187.4M (+8.4%); adjusted net income $195.2M (+1.2%).
- Volume -0.8% in Q2; Sparkling sales +3.0%, Still +4.8% (driven by Monster, Core Power, Topo Chico).
- First-half operating income -2.7% to $462M; Q2 decline partly due to two fewer selling days (~$10M impact).
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