earnings
confidence high
sentiment neutral
materiality 0.70
Coca-Cola Consolidated Q2 net sales up 11% to $2.05B; net income down 15% on aluminum cost headwinds
Coca-Cola Consolidated, Inc.
- Q2 net sales $2,052M (+10.6% YoY); volume +7.6% driven by Sparkling and Still growth.
- Q2 gross margin fell 210 bps to 37.9% due to ~$45M higher aluminum costs from tariffs and supply constraints.
- Q2 income from operations flat at $271M; adjusted up 6% to $285M; net income $159M (-15%).
- First half 2026: net sales $3,899M (+13.5%); income from operations $509M (+10.2%).
- Repaid $275M of term loans in first half; capex expected ~$300M for full year.