Coca-Cola Consolidated, Inc., together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; and post-mix products that are dispensed through equipment, which mixes the fountain syrup with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company distributes products for various other beverage brands that include Dr Pepper and Monster Energy. It sells and distributes its products directly to retail stores and other outlets, which comprise food markets, institutional accounts, and vending machine outlets. The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019. Coca-Cola Consolidated, Inc. was incorporated in 1980 and is headquartered in Charlotte, North Carolina.
IPO Year: 1972
Exchange: NASDAQ
Website: cokeconsolidated.com
4 - Coca-Cola Consolidated, Inc. (0000317540) (Issuer)
Third quarter of 2024 net sales increased 3% versus the third quarter of 2023.Gross profit in the third quarter of 2024 was $698 million, an increase of 5.5% versus the third quarter of 2023. Gross margin in the third quarter of 2024 improved by 90 basis points(a) to 39.5%.Income from operations for the third quarter of 2024 was $227 million, an increase of $11 million, or 5%, versus the third quarter of 2023. Operating margin for the third quarter of 2024 was 12.9% as compared to 12.6% for the third quarter of 2023, an increase of 30 basis points. Key Results Third Quarter First Nine Months (in millions) 2024 2023 Change 2024 2023 ChangeStandard physical case volume
CHARLOTTE, N.C., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on October 30, 2024 to announce its operating results for the third quarter ended September 27, 2024 and the first nine months of fiscal 2024. CONTACTS:Brian K. Little (Media)Vice President, Corporate Communications(980) [email protected] Scott Anthony (Investors)Executive Vice President & Chief Financial Officer(704) [email protected] About Coca-Cola Consolidated, Inc. Headquartered in Charlotte, N.C., Coca-Cola Consolidated (NASDAQ:COKE) is the largest Coca-Cola bottler in the Unite
Quarterly dividend increased to $2.50 per share, up from $0.50 per shareBoard of Directors approves $1.0 billion share repurchase program CHARLOTTE, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ:COKE) announced today that its Board of Directors increased the Company's quarterly dividend to $2.50 per share (up from $0.50 per share). The increased dividend will be payable November 8, 2024 to Common Stock and Class B Common Stock stockholders of record as of October 25, 2024. The Company's Board of Directors also approved a $1.0 billion share repurchase program for the Company's Common Stock. The authorization to repurchase shares is at management's discre
Second quarter of 2024 net sales increased 3% versus the second quarter of 2023. Gross profit in the second quarter of 2024 was $717 million, an increase of 7% versus the second quarter of 2023. Gross margin in the second quarter of 2024 improved by 130 basis points(a) to 39.9%. Income from operations for the second quarter of 2024 was $259 million, up $25 million, or 11%, versus the second quarter of 2023. Operating margin for the second quarter of 2024 was 14.4% as compared to 13.4% for the second quarter of 2023, an increase of 100 basis points. Key Results Second Quarter First Half (in millions) 2024 2023 Change 2024 2023 ChangeStandard physical case volume
CHARLOTTE, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on July 31, 2024 to announce its operating results for the second quarter ended June 28, 2024 and the first half of fiscal year 2024. CONTACTS: Ashley Brown (Media)Scott Anthony (Investors)Director, External CommunicationsExecutive Vice President & Chief Financial Officer(803) 979-2849 (704) [email protected]@cokeconsolidated.com About Coca-Cola Consolidated, Inc.Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God in all we do, to serve others, to pursue
CHARLOTTE, N.C., July 12, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced that the Board of Directors has declared a dividend for the third quarter of 2024 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on August 9, 2024 to shareholders of record as of the close of business on July 26, 2024. CONTACTS:Ashley Brown (Media) Scott Anthony (Investors)Director, External Communications Executive Vice President & Chief Financial Officer(803) 979-2849 (704) [email protected] [email protected] About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola b
CHARLOTTE, N.C., June 21, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) (the "Company") announced today the final results of its modified "Dutch auction" tender offer, which expired at 5:00 p.m., New York City time, on June 18, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 14,391.5 shares of the Company's Common Stock were validly tendered and not validly withdrawn in the tender offer. In accordance with the terms and conditions of the tender offer, the Company has accepted for purchase 14,391.5 shares of its Common Stock at a price of $925 per share, for an aggregate cost of approximately $13.3 millio
CHARLOTTE, N.C., June 20, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) (the "Company") announced today the preliminary results of its modified "Dutch auction" tender offer, which expired at 5:00 p.m., New York City time, on June 18, 2024. Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer (the "Depositary"), a total of 14,392.5 shares (none of which were tendered by notice of guaranteed delivery) of the Company's Common Stock were validly tendered and not validly withdrawn at or below the purchase price of $925 per share. In accordance with the terms and conditions of the tender offer, and based on the preliminary cou
CHARLOTTE, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) (the "Company") announced today that it has commenced a modified "Dutch auction" tender offer to purchase shares of its Common Stock for an aggregate purchase price of up to $2.0 billion. Pursuant to the tender offer, stockholders may tender all or a portion of their shares (1) at a price specified by the tendering stockholder of not less than $850 and not more than $925 per share or (2) without specifying a purchase price, in which case their shares will be purchased at the purchase price determined in accordance with the tender offer. When the tender offer expires, the Company will determine t
Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023.Operating margin for the first quarter of 2024 was 13.5% as compared to 13.1% for the first quarter of 2023, an increase of 40 basis points.The Company intends to purchase up to $3.1 billion of its Common Stock through both a modified "Dutch auction" tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement with The Coca‑Cola Company. Key Results First Quarter (in millions) 2024 2023 ChangeStandard physical case volume 82.1 82.5 (0.4)%Comparable standard physical case volume(1) 82.1 81.5 0.7%Net sales $1,591.6 $1,
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Third quarter of 2024 net sales increased 3% versus the third quarter of 2023.Gross profit in the third quarter of 2024 was $698 million, an increase of 5.5% versus the third quarter of 2023. Gross margin in the third quarter of 2024 improved by 90 basis points(a) to 39.5%.Income from operations for the third quarter of 2024 was $227 million, an increase of $11 million, or 5%, versus the third quarter of 2023. Operating margin for the third quarter of 2024 was 12.9% as compared to 12.6% for the third quarter of 2023, an increase of 30 basis points. Key Results Third Quarter First Nine Months (in millions) 2024 2023 Change 2024 2023 ChangeStandard physical case volume
CHARLOTTE, N.C., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on October 30, 2024 to announce its operating results for the third quarter ended September 27, 2024 and the first nine months of fiscal 2024. CONTACTS:Brian K. Little (Media)Vice President, Corporate Communications(980) [email protected] Scott Anthony (Investors)Executive Vice President & Chief Financial Officer(704) [email protected] About Coca-Cola Consolidated, Inc. Headquartered in Charlotte, N.C., Coca-Cola Consolidated (NASDAQ:COKE) is the largest Coca-Cola bottler in the Unite
Quarterly dividend increased to $2.50 per share, up from $0.50 per shareBoard of Directors approves $1.0 billion share repurchase program CHARLOTTE, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ:COKE) announced today that its Board of Directors increased the Company's quarterly dividend to $2.50 per share (up from $0.50 per share). The increased dividend will be payable November 8, 2024 to Common Stock and Class B Common Stock stockholders of record as of October 25, 2024. The Company's Board of Directors also approved a $1.0 billion share repurchase program for the Company's Common Stock. The authorization to repurchase shares is at management's discre
Second quarter of 2024 net sales increased 3% versus the second quarter of 2023. Gross profit in the second quarter of 2024 was $717 million, an increase of 7% versus the second quarter of 2023. Gross margin in the second quarter of 2024 improved by 130 basis points(a) to 39.9%. Income from operations for the second quarter of 2024 was $259 million, up $25 million, or 11%, versus the second quarter of 2023. Operating margin for the second quarter of 2024 was 14.4% as compared to 13.4% for the second quarter of 2023, an increase of 100 basis points. Key Results Second Quarter First Half (in millions) 2024 2023 Change 2024 2023 ChangeStandard physical case volume
CHARLOTTE, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on July 31, 2024 to announce its operating results for the second quarter ended June 28, 2024 and the first half of fiscal year 2024. CONTACTS: Ashley Brown (Media)Scott Anthony (Investors)Director, External CommunicationsExecutive Vice President & Chief Financial Officer(803) 979-2849 (704) [email protected]@cokeconsolidated.com About Coca-Cola Consolidated, Inc.Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God in all we do, to serve others, to pursue
CHARLOTTE, N.C., July 12, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced that the Board of Directors has declared a dividend for the third quarter of 2024 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on August 9, 2024 to shareholders of record as of the close of business on July 26, 2024. CONTACTS:Ashley Brown (Media) Scott Anthony (Investors)Director, External Communications Executive Vice President & Chief Financial Officer(803) 979-2849 (704) [email protected] [email protected] About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola b
Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023.Operating margin for the first quarter of 2024 was 13.5% as compared to 13.1% for the first quarter of 2023, an increase of 40 basis points.The Company intends to purchase up to $3.1 billion of its Common Stock through both a modified "Dutch auction" tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement with The Coca‑Cola Company. Key Results First Quarter (in millions) 2024 2023 ChangeStandard physical case volume 82.1 82.5 (0.4)%Comparable standard physical case volume(1) 82.1 81.5 0.7%Net sales $1,591.6 $1,
CHARLOTTE, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on May 6, 2024 to announce its operating results for the first quarter ended March 29, 2024. CONTACTS: Ashley Brown (Media)Scott Anthony (Investors)Director, External CommunicationsExecutive Vice President & Chief Financial Officer(803) 979-2849(704) [email protected]@cokeconsolidated.com About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably. For over
CHARLOTTE, N.C., April 12, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced that the Board of Directors has declared a dividend for the second quarter of 2024 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on May 10, 2024 to shareholders of record as of the close of business on April 26, 2024. CONTACTS: Ashley Brown (Media)Scott Anthony (Investors)Director, External CommunicationsExecutive Vice President & Chief Financial Officer(803) 979-2849(704) [email protected]@cokeconsolidated.com About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola bottler
Fourth quarter of 2023 net sales increased 4% versus the fourth quarter of 2022.Gross profit in the fourth quarter of 2023 was $641 million, an increase of 7% versus the fourth quarter of 2022. Gross margin in the fourth quarter of 2023 improved by 120 basis points(a) to 39.3%.Income from operations for fiscal year 2023 was $834 million, up $193 million, or 30%, versus fiscal year 2022. Operating margin for fiscal year 2023 was 12.5% as compared to 10.3% for fiscal year 2022, an increase of 220 basis points. Key Results Fourth Quarter Fiscal Year(in millions) 2023 2022 Change 2023 2022 ChangeStandard physical case volume(1) 88.5 87.6 1.1% 355.4 362.2 (1.9)%Net sales $1,631.0 $1,5
CHARLOTTE, N.C., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) announced that the Board of Directors has declared a dividend for the first quarter of 2021 of $0.25 per share on shares of the Company's Common Stock and Class B Common Stock payable on February 5, 2021 to shareholders of record as of the close of business on January 22, 2021. About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God in all we do, serve others, pursue excellence and grow profitably. For over 118 years, we have been deeply committed to the consumers, customers, and communities we serve and passio
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Coca-Cola Consolidated (NASDAQ:COKE) has outperformed the market over the past 15 years by 9.41% on an annualized basis producing an average annual return of 21.63%. Currently, Coca-Cola Consolidated has a market capitalization of $9.51 billion. Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 15 years ago, it would be worth $19,095.43 today based on a price of $1085.50 for COKE at the time of writing. Coca-Cola Consolidated's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated
Coca-Cola Consolidated (NASDAQ:COKE) has outperformed the market over the past 10 years by 19.88% on an annualized basis producing an average annual return of 30.85%. Currently, Coca-Cola Consolidated has a market capitalization of $9.34 billion. Buying $100 In COKE: If an investor had bought $100 of COKE stock 10 years ago, it would be worth $1,468.76 today based on a price of $1066.32 for COKE at the time of writing. Coca-Cola Consolidated's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated b
Wisconsin-based retailer Kohls Corp (NYSE:KSS) recently said it would not sponsor the Milwaukee-hosted Republican National Convention, July 15-18. Other companies will still sponsor the event; the convention comes just days after former President Donald Trump‘s New York trial sentencing. Kohl’s Backs Out: CNBC reported on Thursday that Kohl’s would not sponsor the event. "Kohl's is not a political organization nor donor and is not sponsoring nor engaging in any specific RNC events," a spokeswoman told CNBC. "We support the business community through the Metropolitan Milwaukee Association of Commerce.” The Metropolitan Milwaukee Association of Commerce (MMAC) disperses some funds to
Coca-Cola Consolidated's (NYSE:COKE) short percent of float has risen 28.44% since its last report. The company recently reported that it has 159 thousand shares sold short, which is 2.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.66 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Coca-Cola Consolidated, Inc. (NASDAQ:COKE) (the "Company") announced today that it has commenced a modified "Dutch auction" tender offer to purchase shares of its Common Stock for an aggregate purchase price of up to $2.0 billion. Pursuant to the tender offer, stockholders may tender all or a portion of their shares (1) at a price specified by the tendering stockholder of not less than $850 and not more than $925 per share or (2) without specifying a purchase price, in which case their shares will be purchased at the purchase price determined in accordance with the tender offer. When the tender offer expires, the Company will determine the lowest price within the range of prices specified ab
Shares of Beyond, Inc. (NYSE:BYON) fell sharply during Tuesday’s session following weaker-than-expected quarterly results. Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company’s sales came in at $382.281 million versus estimates of $389.264 million, according to data from Benzinga Pro. Beyond shares dipped 20.8% to $17.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Golden Sun Health Technology Group Limited (NASDAQ:GSUN) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement. MMTec, Inc. (NASDAQ:MTC) gained
U.S. stocks were higher, with the Dow Jones gaining over 80 points on Tuesday. Shares of Tempur Sealy International, Inc. (NYSE:TPX) rose sharply during Tuesday's session following upbeat quarterly earnings. Tempur Sealy reported a first-quarter FY24 sales decline of 1.5% year-on-year to $1.189 billion, missing the analyst consensus estimate of $1.213 billion. Adjusted EPS of 50 cents beat the analyst consensus of 48 cents, according to data from Benzinga Pro. Tempur Sealy International shares gained 6.6% to $53.48 on Tuesday. Here are some other big stocks recording gains in today's session. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) shares jumped 31.5% to $9.26 fol
Intention to Repurchase SharesThe Company currently intends to purchase up to $3.1 billion in value of its Common Stock through both a modified "Dutch auction" tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement (the "Purchase Agreement") with a subsidiary of The Coca‑Cola Company. The Company expects the price range for the tender offer to be $850 to $925 per share of Common Stock.Under the Purchase Agreement, the Company has agreed to buy, and a subsidiary of The Coca‑Cola Company has agreed to sell, at a purchase price equal to the price paid by the Company in the tender offer, a number of shares of Common Stock such that The Coca‑Cola Company w
Coca-Cola Consolidated (NASDAQ:COKE) reported quarterly earnings of $17.33 per share. This is a 6.78 percent increase over earnings of $16.23 per share from the same period last year. The company reported $1.60 billion in sales this quarter. This is a 1.65 percent increase over sales of $1.57 billion the same period last year.