Welcome to our dedicated page for Coca-Cola Consolidated news (Ticker: COKE), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Consolidated stock.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) is the largest independent Coca-Cola bottler in the United States. Founded in 1902 by J.B. Harrison in Greensboro, North Carolina, the company has grown into a family-operated business with a rich history. Today, it operates under the leadership of J. Frank Harrison, III, the great-grandson of the founder, who became CEO in 1997.
Coca-Cola Consolidated not only makes but also sells and distributes over 250 brands and flavors of nonalcoholic beverages. The company operates in 14 states, primarily in the southeastern U.S., with its corporate headquarters located in Charlotte, North Carolina. The company purchases concentrate and syrups from other beverage manufacturers under license agreements, most notably from Coca-Cola Co. This allows Coca-Cola Consolidated to exclusively produce, market, and distribute Coca-Cola products in designated regions.
The company’s operations are divided into two main segments: Nonalcoholic Beverages, which accounts for the majority of its revenue, and All Other segments. The comprehensive product portfolio includes sparkling beverages, still beverages, energy drinks, and enhanced water products. Key brands include Coca-Cola, Monster, and smartwater.
Committed to community, environmental stewardship, and profitable growth, Coca-Cola Consolidated’s overarching purpose is to
Coca-Cola Consolidated reported a strong second quarter for 2022, with net sales rising by 11% to $1.60 billion and physical case volume up 1.0%. Gross profit grew to $551 million, maintaining a gross margin at 34.5%. Notably, income from operations surged 29% in the first half of 2022 to $278 million. Despite some supply chain challenges, the company effectively implemented pricing strategies. Net income nearly doubled to $99.6 million in Q2 2022 compared to the prior year, while cash flows from operations were $243.5 million.
Coca-Cola Consolidated (NASDAQ: COKE) will release its financial results for the second quarter of fiscal 2022 on August 2, 2022, after market close. The report will cover the quarter ended July 1, 2022, and the first half of the fiscal year. As the largest Coca-Cola bottler in the U.S., Coca-Cola Consolidated has been serving approximately 60 million consumers across 14 states and the District of Columbia, upholding a legacy of over 120 years in the beverage industry.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) declared a third-quarter dividend of $0.25 per share for Common and Class B Common Stock. This dividend is payable on August 12, 2022 to shareholders on record as of July 29, 2022. The company, the largest Coca-Cola bottler in the U.S., has a rich history of over 120 years and serves about 60 million consumers across 14 states and D.C.
Coca-Cola Consolidated reported a strong first quarter of 2022 with net sales rising by 11% to $1.40 billion, compared to $1.27 billion in Q1 2021. Gross profit grew 13% to $508 million, and income from operations surged 39% to $131 million. Despite a slight decline in physical case volume by 0.6%, sparkling beverage sales rose 11.7%, driven by effective pricing strategies. The company invested $60 million in a production facility and $30 million in BODYARMOR distribution rights, positioning itself for future growth amidst supply chain challenges.
Coca-Cola Consolidated (NASDAQ: COKE) will release its financial results for Q1 ended April 1, 2022, on May 3, 2022, post-market. As the largest Coca-Cola bottler in the U.S., the company serves approximately 60 million consumers across 14 states and D.C. Coca-Cola Consolidated is dedicated to its purpose of serving others and growing profitably, operating over 300 brands and flavors. For more details, visit www.cokeconsolidated.com.
Coca-Cola Consolidated has declared a $0.25 per share dividend for the second quarter of 2022 on its Common and Class B Common Stock. This dividend will be payable on May 12, 2022, to shareholders who are on record by April 28, 2022. As the largest Coca-Cola bottler in the U.S., the company continues to serve a wide consumer base across multiple states. The announcement reflects the company's ongoing commitment to returning value to shareholders while maintaining a robust beverage portfolio.
Coca-Cola Consolidated reported a 10% increase in net sales for Q4 2021, totaling $1.40 billion, with 15% growth on a comparable basis. For the full fiscal year, net sales reached $5.56 billion, an 11% rise, while income from operations surged by 40% to $439 million. However, physical case volume declined by 1.7% in Q4 but increased by 2.0% for the year. The gross margin fell to 35.1%, affected by higher sales of lower-margin Still beverages. Despite challenges including supply chain disruptions and inflation, the company remains optimistic for 2022.
Coca-Cola Consolidated (COKE) will announce its fourth quarter and fiscal year financial results after market close on February 22, 2022. The company is the largest Coca-Cola bottler in the U.S., serving over 60 million consumers across 14 states and D.C. Coca-Cola Consolidated has been operational for over 119 years and remains committed to its purpose of serving consumers and communities while pursuing profitable growth.
Coca-Cola Consolidated (NASDAQ: COKE) has declared a first-quarter dividend of $0.25 per share on its Common and Class B Common Stock.
This dividend will be payable on February 11, 2022 to shareholders on record as of January 28, 2022. The company, headquartered in Charlotte, N.C., is the largest Coca-Cola bottler in the U.S., serving over 66 million consumers across 14 states and the District of Columbia.
Coca-Cola Consolidated reported a 10% increase in net sales to $1.46 billion for Q3 2021, driven by pricing strategies amid rising input costs. Gross profit rose by $45 million to $518 million, with income from operations increasing significantly by 60% to $352 million for the first nine months. Despite a slight decrease in physical case volume, beverage sales grew across key categories. However, ongoing supply chain challenges and rising commodity costs pose risks for future growth. The company remains optimistic about maintaining momentum moving into 2022.
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