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About Coca-Cola Consolidated Inc. (NASDAQ: COKE)
Coca-Cola Consolidated Inc., headquartered in Charlotte, North Carolina, is the largest independent bottler of Coca-Cola products in the United States. Established in 1902, the company has grown into a key player in the nonalcoholic beverage industry, serving approximately 60 million consumers across 14 states and the District of Columbia. Coca-Cola Consolidated operates with a mission to honor its values, serve communities, and drive sustainable growth, making it a distinctive force in the beverage sector.
Core Business Operations
The company’s primary business involves the manufacturing, marketing, and distribution of a diverse portfolio of beverages. These include sparkling beverages like Coca-Cola, Sprite, and Fanta, as well as still beverages such as bottled water, ready-to-drink teas and coffees, sports drinks, juices, and energy drinks. Coca-Cola Consolidated produces and distributes over 300 brands and flavors, leveraging its extensive network of production facilities and distribution centers to ensure product availability across multiple retail channels.
Revenue Streams and Business Model
Coca-Cola Consolidated generates revenue primarily through direct store delivery (DSD), a system that allows the company to distribute beverages directly to retailers, ensuring product freshness and availability. Additionally, the company benefits from strategic partnerships with The Coca-Cola Company and other beverage producers, which provide marketing funding and access to a globally recognized brand portfolio. Non-DSD distribution methods are also utilized for certain products, such as bottled water sold in large retail chains, further diversifying its revenue base.
Market Position and Competitive Landscape
As the largest Coca-Cola bottler in the U.S., Coca-Cola Consolidated holds a significant market share in the nonalcoholic beverage industry. Its competitive advantages include a robust distribution network, strong brand affiliations, and a diverse product portfolio that caters to a wide range of consumer preferences. The company faces competition from other Coca-Cola bottlers, independent beverage manufacturers, and private-label brands. However, its focus on operational efficiency, product innovation, and customer-centric strategies helps maintain its leadership position.
Commitment to Sustainability and Community
Coca-Cola Consolidated is deeply committed to environmental stewardship and community engagement. The company invests in sustainable practices, such as optimizing its supply chain to reduce carbon emissions and promoting recycling initiatives. Its corporate purpose, "to honor God in all we do," underscores its dedication to ethical business practices and community service, fostering trust and loyalty among stakeholders.
Strategic Priorities
The company’s strategic priorities include reinvesting in its supply chain, expanding production capabilities, and enhancing its product portfolio to meet evolving consumer demands. Recent capital investments in mini-can and small PET bottle production highlight its adaptability to market trends. Additionally, Coca-Cola Consolidated actively repurchases shares and increases dividends, reflecting its commitment to delivering long-term value to shareholders.
Challenges and Opportunities
Key challenges for Coca-Cola Consolidated include managing rising operational costs, addressing shifts in consumer preferences toward healthier beverage options, and navigating regulatory changes related to public health and sustainability. However, the company’s strong financial performance, robust brand portfolio, and focus on innovation position it well to capitalize on growth opportunities in the beverage industry.
Conclusion
Coca-Cola Consolidated Inc. exemplifies a successful, values-driven business model in the competitive beverage industry. By leveraging its extensive distribution network, strategic partnerships, and commitment to sustainability, the company continues to deliver value to consumers, communities, and shareholders alike. Its focus on operational excellence and adaptability ensures its relevance in an ever-changing market landscape.
Coca-Cola Consolidated (NASDAQ: COKE) reported strong Q4 2024 results with net sales increasing 7.1% to $1.7 billion and fiscal year 2024 sales rising 3.7% to $6.9 billion. Q4 gross profit grew 8.8% to $697.9 million, with margins improving 70 basis points to 40%.
The company's Q4 2024 income from operations increased 22.6% to $218.7 million, while fiscal year 2024 operating income rose 10.3% to $920.4 million. Net income for Q4 2024 reached $178.9 million, up from $75.8 million in Q4 2023.
During 2024, the company invested over $370 million in capital expenditures, repurchased approximately $626 million of Common Stock, and increased its annualized regular dividend to $10 per share. The company expects capital expenditures of approximately $300 million for fiscal year 2025.
Coca-Cola Consolidated (NASDAQ: COKE), the largest Coca-Cola bottler in the United States, has announced it will release its fourth quarter and fiscal year 2024 operating results after market close on February 20, 2025.
The company, headquartered in Charlotte, N.C., distributes beverages of The Coca-Cola Company and other partners, offering more than 300 brands and flavors across 14 states and the District of Columbia, serving approximately 60 million consumers.
Coca-Cola Consolidated (NASDAQ: COKE) has declared a quarterly dividend of $2.50 per share for the first quarter of 2025. The dividend will be paid on February 7, 2025, to shareholders of record as of January 24, 2025. This applies to both Common Stock and Class B Common Stock holders.
As the largest Coca-Cola bottler in the United States, the company operates across 14 states and the District of Columbia, serving approximately 60 million consumers. The company distributes over 300 brands and flavors of beverages from The Coca-Cola Company and other partner companies.
Coca-Cola Consolidated (NASDAQ: COKE) announced that Executive Vice President and CFO Scott Anthony will retire effective March 31, 2025, after serving in the role since 2018. Matthew J. Blickley, currently Senior Vice President of Financial Planning and Chief Accounting Officer, will assume the position of Executive Vice President and CFO on April 1, 2025.
Blickley, who joined the company in 2014, will maintain his role as Chief Accounting Officer and report to Dave Katz, President and Chief Operating Officer. His background includes various financial roles within the company, including Corporate Controller, and he previously worked at PricewaterhouseCoopers LLP.
CEO J. Frank Harrison III credited Anthony's strategic leadership for the company's exceptional financial performance and strong stockholder returns since 2019. Anthony will continue to serve the company in a consultancy role following his retirement.
Coca-Cola Consolidated (NASDAQ: COKE) reported strong Q3 2024 results with net sales increasing 3.1% to $1.8 billion. Gross profit rose 5.5% to $698 million, with gross margin improving by 90 basis points to 39.5%. Income from operations grew 5% to $227.1 million, while net income increased to $115.6 million from $92.1 million in Q3 2023. Sparkling beverage sales showed robust growth of 5.8%, though standard physical case volume declined 2.1%. The company completed the purchase of its Nashville production facility for $56 million and expects capital expenditures of approximately $350 million for full-year 2024.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has announced that it will release its third quarter and first nine months 2024 operating results on October 30, 2024, after the market closes. The report will cover the period ended September 27, 2024.
As the largest Coca-Cola bottler in the United States, Coca-Cola Consolidated operates across 14 states and the District of Columbia, serving approximately 60 million consumers. The company produces, sells, and distributes beverages of The Coca-Cola Company and other partners, offering over 300 brands and flavors.
With a history spanning over 122 years, Coca-Cola Consolidated emphasizes its commitment to consumers, customers, and communities. The company's purpose is centered on honoring God, serving others, pursuing excellence, and growing profitably.
Coca-Cola Consolidated (NASDAQ: COKE) has announced significant changes to its shareholder return strategy. The company's Board of Directors has increased the quarterly dividend from $0.50 to $2.50 per share, payable on November 8, 2024, to stockholders of record as of October 25, 2024. Additionally, the Board has approved a $1.0 billion share repurchase program for the Company's Common Stock.
CEO J. Frank Harrison, III, attributed these decisions to the company's improved profitability and strengthened balance sheet, emphasizing their commitment to building long-term value for stockholders while reinvesting in the business and employees.
Coca-Cola Consolidated (NASDAQ: COKE) reported strong Q2 2024 results, with net sales increasing 3.3% to $1.8 billion and gross profit rising 6.7% to $716.7 million. The company's gross margin improved by 130 basis points to 39.9%, while income from operations grew 10.9% to $259.1 million. Key highlights include:
- Sparkling and Still net sales increased 4.4% and 4.2% respectively
- Standard physical case volume decreased 1.2%
- Operating margin improved to 14.4% from 13.4% in Q2 2023
- Net income rose to $172.8 million, up from $122.3 million in Q2 2023
The company attributes its success to pricing actions, margin management, and operating efficiency. Coca-Cola Consolidated also made progress in building long-term value for stockholders through significant share repurchases.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE), the largest Coca-Cola bottler in the United States, has announced it will release its second quarter and first half 2024 financial results on July 31, 2024, after market close. The report will cover the period ended June 28, 2024. As a key player in the beverage industry, Coca-Cola Consolidated serves approximately 60 million consumers across 14 states and the District of Columbia, offering over 300 brands and flavors of beverages from The Coca-Cola Company and other partners. The company, headquartered in Charlotte, N.C., has a rich history spanning 122 years and is committed to serving its communities while pursuing excellence and profitable growth.
Coca-Cola Consolidated, the largest Coca-Cola bottler in the United States, announced a third quarter dividend of $0.50 per share for 2024. This dividend applies to both Common Stock and Class B Common Stock. The dividend will be paid on August 9, 2024, to shareholders who are recorded as of the close of business on July 26, 2024.
Headquartered in Charlotte, NC, Coca-Cola Consolidated serves approximately 60 million consumers across 14 states and the District of Columbia. The company is listed on the Nasdaq Global Select Market under the symbol 'COKE'.
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