Highest-materiality recent filing
Coca-Cola Consolidated stockholders elect all 11 directors, approve say-on-pay, ratify PwC
All 11 board nominees elected; J. Frank Harrison III received 213.97M votes for, 21.8M withheld.
COKE Q1 net sales +17% to $1.85B; aluminum costs pressure margins, adjusted net income -12%
Net sales $1.85B (up 16.9%), volume +13.4%; adjusted net sales +8.5% vs Q1 2025.
Coca-Cola Consolidated reports Q4 2025 net sales up 9% to $1.9B, operating income up 11% to $242M
Net sales in Q4 2025 increased 9% to $1.9 billion compared to Q4 2024.
Coca-Cola Consolidated enters $1.35B term loan facilities, refinances bridge loan
Borrowed $900M three-year and $450M five-year unsecured term loans on Dec 8, 2025.
Coca-Cola Consolidated buys back all Coca-Cola Co. shares for $2.4B, funds with $1.2B loan
Repurchased 18.8M shares at $127/share from Coca-Cola Co. subsidiary for ~$2.4B, funded with cash and $1.2B 364-day term loan.
Q3 net sales $1.888B (+7%), gross profit $749M (+7.2%), gross margin 39.6% (+10 bps).
Coca-Cola Consolidated EVP Chambless to retire in 2027; becomes Senior Advisor Jan 2026
Robert G. Chambless, EVP Franchise Beverage Operations, will retire from the Company in 2027.
Coke Consolidated Q2 net sales +3% to $1.86B; operating income up 5% to $272M
Net sales $1,855.5M (+3.3% YoY); gross profit $742.5M (+3.6%); gross margin 40.0% (+10 bps).
Coca-Cola Consolidated stockholder-approved 10-for-1 stock split to take effect May 27
Stockholders approved a 10-for-1 forward stock split of Common and Class B Common at May 13 annual meeting.
Coca-Cola Consolidated Q1 operating income down 12% to $190M; volume declines 6.6%
Net sales of $1.58B down 0.7% YoY; two fewer selling days reduced sales ~$40M (2.5%).
Coca-Cola Consolidated announces 10-for-1 stock split subject to shareholder approval
Board approves 10-for-1 split of Common Stock and Class B Common Stock; requires shareholder vote at May 13, 2025 annual meeting.
Coca-Cola Consolidated appoints Matthew J. Blickley as CFO; details Anthony consulting
F. Scott Anthony retires as EVP/CFO effective March 31, 2025; consulting agreement from April 1 to Dec 31, 2025 at $20,833/month.
Coca-Cola Consolidated awards $6.3M in achievement bonuses to five officers
J. Frank Harrison III received $4,250,000; David M. Katz $1,000,000; three other officers $350,000 each.
Q4 net sales $1.746B (+7.1% YoY); gross margin improved 70bps to 40.0%.
Coca-Cola Consolidated CFO Scott Anthony to retire March 31; Matt Blickley appointed successor
EVP and CFO Scott Anthony retires effective March 31, 2025; no disagreement with the company.
Coca-Cola Consolidated Q3 net sales +3%; operating income +5% to $227M
Net sales $1.766B (+3.1% YoY); gross margin 39.5% (+90 bps).
Coca-Cola Consolidated raises quarterly dividend to $2.50 from $0.50, authorizes $1B buyback
Quarterly dividend increased to $2.50/share from $0.50; payable Nov 8, 2024 to holders of record Oct 25, 2024.
Coca-Cola Consolidated Q2 net sales up 3.3%, operating income +11% to $259M
Net sales $1.796B (+3.3%); gross margin expanded 130 bps to 39.9%.
Coca-Cola Consolidated completes $553.7M share repurchase from Coca-Cola subsidiary
Purchased 598,619 shares from Carolina Coca-Cola Bottling Investments at $925 per share.
Coca-Cola Consolidated terminates $1.3B term loan facilities with no amounts drawn
On June 20, 2024, gave notice to permanently reduce commitments under Term Loan Agreement to zero, effective June 27.
New $800M three-year and $500M five-year senior unsecured term loan facilities, maturing June 2027 and 2029 respectively.
Issued $700M of 5.250% Notes due June 1, 2029 and $500M of 5.450% Notes due June 1, 2034.
Coca-Cola Consolidated prices $1.2B notes: 5.250% due 2029, 5.450% due 2034
$700M of 5.250% Notes due 2029 and $500M of 5.450% Notes due 2034 issued.
Shareholders reelect all 12 directors, ratify PwC, and reject anti-harassment report proposal
All 12 board nominees elected with 24.1M to 26.3M votes in favor; broker non-votes of 694,405 per nominee.
Coke Consolidated Q1 op income up 5%; announces $3.1B share repurchase with tender offer $850-$925
Q1 net sales $1.592B (+1.3%), operating income $215.4M (+4.5%), net income $165.7M vs $118.1M.
Mr. Anthony will continue to be employed by the Company from February 19, 2025, the date of the execution of the Consulting Agreement, through March 31, 2025
In connection with Mr. Blickley’s appointment as Executive Vice President and Chief Financial Officer (principal financial officer) of the Company, effective April 1, 2025
On January 7, 2025, F. Scott Anthony, Executive Vice President and Chief Financial Officer (principal financial officer) of Coca‐Cola Consolidated, Inc. (the “Company”), notified the Company of his resignation from all of his positions with the Company and its subsidiaries and affiliates, effective March 31, 2025 (the “Effective Date”).
the Executive Committee of the Board of Directors of the Company appointed Matthew J. Blickley, the Company’s Senior Vice President, Financial Planning and Chief Accounting Officer (principal accounting officer) as Executive Vice President and Chief Financial Officer (principal financial officer) of the Company, effective April 1, 2025.
Max materiality 0.90 · Median 0.65 · Most common event earnings