Coca-Cola Consolidated, Inc. - COKE STOCK NEWS

Coca-Cola Consolidated announced a fourth-quarter dividend of $0.25 per share on its Common and Class B Common Stock. This dividend will be paid on November 5, 2021, to shareholders on record by October 22, 2021. As the largest Coca-Cola bottler in the U.S., the company remains committed to serving over 66 million consumers with a broad range of beverages across 14 states and D.C.

Coca-Cola Consolidated reported a robust second quarter for 2021, with net sales rising by 17% to $1.43 billion, driven by a 5.9% increase in physical case volume. Income from operations soared 45% to $120.9 million. Despite challenges like rising commodity costs and labor shortages, cash flow improved, allowing debt reduction of $162 million. The company noted strong growth in Still beverages, primarily BodyArmor and AHA, while fountain syrup sales jumped 92.4%. However, gross margin declined slightly to 34.5%. Overall, the outlook remains optimistic as price increases are planned to offset rising costs.

Coca-Cola Consolidated (NASDAQ: COKE) plans to release its financial results for Q2 2021 after market close on August 10, 2021. The report will cover the second quarter ending July 2, 2021, and the first half of fiscal 2021. Coca-Cola Consolidated is the largest Coca-Cola bottler in the U.S., servicing over 66 million consumers across 14 states and D.C. for over 119 years. The company focuses on a broad beverage portfolio, emphasizing its commitment to consumers and communities.

Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has declared a dividend of $0.25 per share for the third quarter of 2021. This dividend will be payable on August 6, 2021 to shareholders on record as of the close of business on July 23, 2021. Coca-Cola Consolidated is the largest bottler of Coca-Cola products in the United States and has a history of serving over 66 million consumers across 14 states.

Coca-Cola Consolidated reported a strong first quarter for 2021, showing an 8.3% increase in net sales year-over-year, reaching $1.27 billion. Physical case volume also rose by 4.8%, with gross profit climbing 10.7% to $448.7 million.

Income from operations soared 187% to $94.2 million, while net income improved by $38.7 million to $53.4 million. Despite challenges, including rising input costs, the company expects to offset this through pricing strategies. Cash flows from operations increased significantly to $81.9 million, bolstering long-term debt reduction efforts.

Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will release its financial results for Q1 2021 on May 11, 2021, after market close. This announcement follows the fiscal quarter ending on April 2, 2021. The company is the largest Coca-Cola bottler in the U.S., serving over 66 million consumers across 14 states and D.C. Coca-Cola Consolidated has a rich history of over 119 years and remains focused on delivering a diverse beverage portfolio while committing to excellence and profitability.

The Coca-Cola Consolidated distribution and automated warehouse facility in Whitestown, Indiana, officially opened on April 19, 2021, following a $60 million investment. This 400,000 sq. ft. facility aims to enhance service capacity in central Indiana, distributing over 20 million cases annually. The operation employs over 450 team members and supports enhanced transportation logistics.

Furthermore, the Indianapolis production facility has added a new can production line with an $18 million investment, increasing its production capacity.

Coca-Cola Consolidated (COKE) has announced a second-quarter dividend of $0.25 per share, payable on May 7, 2021, to shareholders recorded by the close of business on April 23, 2021. This dividend reflects the company's ongoing commitment to returning value to its investors. Coca-Cola Consolidated, the largest Coca-Cola bottler in the U.S., operates in over 14 states and serves more than 66 million consumers with a diverse range of beverages.

Coca-Cola Consolidated reported a strong fourth quarter and fiscal year 2020, with net sales up 8.5% year-over-year, reaching $1,278.6 million. Physical case volume rose by 8.1% in Q4 2020, benefiting from strong consumer demand and operational adjustments made during the pandemic.

Income from operations surged 137% to $93.6 million in Q4, while full-year operating income increased 73.4% to $313.4 million. The company anticipates challenges in 2021 due to rising operating costs and potential input cost inflation.