Coca-Cola Consolidated Reports First Quarter 2025 Results
Coca-Cola Consolidated reported mixed first quarter 2025 results with net sales declining 1% to $1.6 billion. The quarter had two fewer selling days compared to Q1 2024, impacting volume by 2.1%. Overall volume decreased 6.6%, with Sparkling beverages down 3.0% and Still beverages down 9.0% on an adjusted basis.
Key financial metrics showed pressure: gross profit fell 2.1% to $627.1 million, with margins contracting 50 basis points to 39.7%. Operating income decreased 11.9% to $189.8 million, while operating margin dropped 150 basis points to 12.0%. Net income declined to $103.6 million from $165.7 million.
Despite challenges, the company maintained strong cash flow, generating $198.2 million from operations. Management remains optimistic about improvement through 2025, citing successful execution of commercial plans and strong performance in zero-sugar offerings and Still beverages excluding Dasani.
Coca-Cola Consolidated ha riportato risultati contrastanti nel primo trimestre 2025, con un calo delle vendite nette dell'1%, pari a 1,6 miliardi di dollari. Il trimestre ha avuto due giorni di vendita in meno rispetto al primo trimestre 2024, influenzando il volume del 2,1%. Il volume complessivo è diminuito del 6,6%, con le bevande gassate in calo del 3,0% e le bevande non gassate in calo del 9,0% su base rettificata.
I principali indicatori finanziari hanno mostrato segnali di pressione: il margine lordo è sceso del 2,1% a 627,1 milioni di dollari, con un restringimento dei margini di 50 punti base al 39,7%. L'utile operativo è diminuito dell'11,9% a 189,8 milioni di dollari, mentre il margine operativo è calato di 150 punti base al 12,0%. L'utile netto è sceso a 103,6 milioni di dollari da 165,7 milioni.
Nonostante le difficoltà, l'azienda ha mantenuto un solido flusso di cassa, generando 198,2 milioni di dollari dalle operazioni. La direzione rimane ottimista riguardo al miglioramento nel corso del 2025, citando l'esecuzione efficace dei piani commerciali e le buone performance delle offerte senza zucchero e delle bevande non gassate escluse Dasani.
Coca-Cola Consolidated reportó resultados mixtos en el primer trimestre de 2025, con una disminución del 1% en las ventas netas, alcanzando los 1.6 mil millones de dólares. El trimestre tuvo dos días de venta menos en comparación con el primer trimestre de 2024, afectando el volumen en un 2.1%. El volumen total disminuyó un 6.6%, con las bebidas carbonatadas bajando un 3.0% y las bebidas sin gas un 9.0% en base ajustada.
Los principales indicadores financieros mostraron presión: el beneficio bruto cayó un 2.1% a 627.1 millones de dólares, con un margen que se redujo 50 puntos básicos hasta el 39.7%. El ingreso operativo disminuyó un 11.9% a 189.8 millones de dólares, mientras que el margen operativo bajó 150 puntos básicos hasta el 12.0%. El ingreso neto descendió a 103.6 millones desde 165.7 millones.
A pesar de los desafíos, la compañía mantuvo un fuerte flujo de caja, generando 198.2 millones de dólares de las operaciones. La gerencia se mantiene optimista sobre la mejora durante 2025, citando la exitosa ejecución de planes comerciales y un sólido desempeño en las ofertas sin azúcar y bebidas sin gas, excluyendo Dasani.
코카콜라 컨솔리데이티드는 2025년 1분기 실적에서 순매출이 1% 감소한 16억 달러를 기록하며 엇갈린 결과를 보고했습니다. 이번 분기는 2024년 1분기에 비해 판매일수가 2일 적어, 볼륨에 2.1% 영향을 미쳤습니다. 전체 볼륨은 6.6% 감소했으며, 스파클링 음료는 3.0%, 스틸 음료는 조정 기준으로 9.0% 감소했습니다.
주요 재무 지표는 압박을 받았습니다: 매출 총이익은 2.1% 감소한 6억 2,710만 달러를 기록했고, 마진은 50 베이시스 포인트 하락한 39.7%였습니다. 영업이익은 11.9% 줄어든 1억 8,980만 달러였으며, 영업 마진은 150 베이시스 포인트 하락한 12.0%를 기록했습니다. 순이익은 1억 360만 달러로, 이전의 1억 6,570만 달러에서 감소했습니다.
어려움에도 불구하고, 회사는 1억 9,820만 달러의 영업 현금 흐름을 유지했습니다. 경영진은 상업 계획의 성공적인 실행과 다사니를 제외한 무설탕 제품 및 스틸 음료의 강력한 실적을 언급하며 2025년 내 개선에 대해 낙관적인 전망을 유지하고 있습니다.
Coca-Cola Consolidated a présenté des résultats mitigés pour le premier trimestre 2025, avec une baisse des ventes nettes de 1 % à 1,6 milliard de dollars. Le trimestre comptait deux jours de vente de moins par rapport au premier trimestre 2024, ce qui a impacté le volume de 2,1 %. Le volume global a diminué de 6,6 %, avec une baisse de 3,0 % pour les boissons gazeuses et de 9,0 % pour les boissons non gazeuses sur une base ajustée.
Les principaux indicateurs financiers ont montré des pressions : le bénéfice brut a chuté de 2,1 % pour atteindre 627,1 millions de dollars, les marges se sont contractées de 50 points de base à 39,7 %. Le résultat d'exploitation a diminué de 11,9 % à 189,8 millions de dollars, tandis que la marge opérationnelle a reculé de 150 points de base à 12,0 %. Le bénéfice net est passé de 165,7 millions à 103,6 millions de dollars.
Malgré les défis, l'entreprise a maintenu une forte trésorerie, générant 198,2 millions de dollars de flux de trésorerie opérationnel. La direction reste optimiste quant à une amélioration au cours de l'année 2025, citant la bonne exécution des plans commerciaux et la solide performance des offres sans sucre ainsi que des boissons non gazeuses hors Dasani.
Coca-Cola Consolidated meldete gemischte Ergebnisse für das erste Quartal 2025, mit einem Rückgang der Nettoumsätze um 1 % auf 1,6 Milliarden US-Dollar. Das Quartal hatte im Vergleich zum ersten Quartal 2024 zwei Verkaufstage weniger, was das Volumen um 2,1 % beeinträchtigte. Das Gesamtvolumen sank um 6,6 %, wobei kohlensäurehaltige Getränke um 3,0 % und stille Getränke auf bereinigter Basis um 9,0 % zurückgingen.
Wichtige Finanzkennzahlen zeigten Belastungen: Der Bruttogewinn fiel um 2,1 % auf 627,1 Millionen US-Dollar, die Marge schrumpfte um 50 Basispunkte auf 39,7 %. Das Betriebsergebnis sank um 11,9 % auf 189,8 Millionen US-Dollar, während die operative Marge um 150 Basispunkte auf 12,0 % zurückging. Der Nettogewinn fiel von 165,7 Millionen auf 103,6 Millionen US-Dollar.
Trotz der Herausforderungen hielt das Unternehmen einen starken Cashflow aufrecht und generierte 198,2 Millionen US-Dollar aus dem operativen Geschäft. Das Management bleibt optimistisch hinsichtlich einer Verbesserung im Laufe des Jahres 2025 und verweist auf die erfolgreiche Umsetzung der kommerziellen Pläne sowie starke Leistungen bei zuckerfreien Produkten und stillen Getränken, ausgenommen Dasani.
- Strong operating cash flow growth to $198.2M in Q1 2025, up from $194.3M in Q1 2024
- Solid growth in zero-sugar and flavor offerings within Sparkling category
- Still beverage sales (excluding Dasani) increased by 1.8%, driven by sports drinks and enhanced water products
- Successful execution of 2025 pricing actions to offset volume decline impact
- Net sales decreased 1% to $1.6B in Q1 2025
- Volume declined 6.6% in Q1 2025
- Gross profit dropped 2.1% to $627.1M with margin compression of 50 basis points to 39.7%
- Income from operations fell 11.9% to $189.8M
- Operating margin decreased 150 basis points to 12.0%
- Net income declined significantly from $165.7M to $103.6M
- SD&A expenses increased 2.9% with 100 basis points rise as percentage of net sales
- Softness in Coca-Cola Original Taste brand performance
- Higher labor costs due to annual wage adjustments and inflationary pressures
Insights
Coca-Cola Consolidated's Q1 shows revenue/profit declines with mitigating calendar factors; operational cash flow remains strong despite margin pressure.
Coca-Cola Consolidated's Q1 2025 results reveal a mixed financial picture with revenue declining
The quarter had two fewer selling days versus Q1 2024, accounting for approximately
Profitability metrics show pressure across the board: gross margin contracted 50 basis points to
Product mix shifts contributed to margin compression, as the portfolio tilted more toward Still beverages, which typically carry lower margins than Sparkling products. Rising labor costs and broader inflationary pressures drove a
Despite these challenges, there are positive signals. Operating cash flow slightly improved to
Volume trends reveal category-specific dynamics: while the flagship Coca-Cola Original Taste brand showed weakness, many other core Sparkling products demonstrated solid growth. Excluding Dasani (affected by a distribution change at Walmart), Still beverages grew by
- Net sales in the first quarter of 2025, which had two fewer selling days compared to the first quarter of 2024, decreased
1% (a).
- Gross profit in the first quarter of 2025 was
$627 million , a decrease of2% versus the first quarter of 2024. Gross margin in the first quarter of 2025 decreased by 50 basis points to39.7% .
- Income from operations for the first quarter of 2025 was
$190 million , a decrease of$26 million , or12% , versus the first quarter of 2024.
Key Results
| First Quarter | |||||||||
| (in millions) | 2025 | 2024 | Change | ||||||
| Volume(1) | 76.7 | 82.1 | (6.6)% | ||||||
| Net sales | (0.7)% | ||||||||
| Gross profit | (2.1)% | ||||||||
| Gross margin | 39.7% | 40.2% | |||||||
| Income from operations | (11.9)% | ||||||||
| Operating margin | 12.0% | 13.5% | |||||||
| Beverage Sales | First Quarter | ||||||||
| (in millions) | 2025 | 2024 | Change | ||||||
| Sparkling bottle/can | (1.9)% | ||||||||
| Still bottle/can | (0.5)% | ||||||||
(1) Volume is measured on a standard physical case basis and is used to standardize differing package configurations delivered via direct store delivery (“DSD”).
First Quarter 2025 Review
CHARLOTTE, N.C., April 30, 2025 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ: COKE) today reported operating results for the first quarter ended March 28, 2025.
“While our first quarter profit was below prior year, there were a number of positives to take away from our overall performance,” said J. Frank Harrison, III, Chairman and Chief Executive Officer. “We successfully executed against our 2025 commercial plan and generated strong operating cash flow to start the year. We are optimistic our results will improve over the balance of the year as our 17,000 teammates work tirelessly each day to serve our customers, consumers and communities.”
Volume was down
Net sales decreased
Sparkling and Still net sales declined
Gross profit in the first quarter of 2025 was
“Consumers are increasingly selective with their spending, but they continue to respond well to our brand and package offerings,” said Dave Katz, President and Chief Operating Officer. “The first quarter calendar changes negatively impacted our reported sales growth, but we are pleased with the performance of the majority of our Sparkling and Still brands. We are optimistic that sales of Coca-Cola Original Taste, which slowed in the first quarter, will rebound as we move into the summer selling season. In addition, we are pleased with the momentum of our Still brands, including Topo Chico mineral water, which we began distributing in the first quarter.”
Selling, delivery and administrative (“SD&A”) expenses in the first quarter of 2025 increased
Income from operations in the first quarter of 2025 was
Net income in the first quarter of 2025 was
Cash flows from operations for the first quarter of 2025 were
| (a) | All comparisons are to the corresponding period in the prior year unless specified otherwise. |
| (b) | The discussion of the operating results for the first quarter ended March 28, 2025 includes selected non-GAAP financial information, such as “comparable” and “adjusted” results. The schedules in this news release reconcile such non-GAAP financial measures to the most directly comparable GAAP financial measures. |
| CONTACTS: | |
| Brian K. Little (Media) | Matt Blickley (Investors) |
| Vice President, Corporate Communications Officer | Executive Vice President, Chief Financial Officer and Chief Accounting Officer |
| (980) 378-5537 | (704) 557-4910 |
| Brian.Little@cokeconsolidated.com | Matt.Blickley@cokeconsolidated.com |
A PDF accompanying this release is available at: http://ml.globenewswire.com/Resource/Download/5a217735-2547-4551-bb50-2a31c6ae4348
About Coca-Cola Consolidated, Inc.
Headquartered in Charlotte, N.C., Coca‑Cola Consolidated (NASDAQ: COKE) is the largest Coca‑Cola bottler in the United States. We make, sell and distribute beverages of The Coca‑Cola Company, and other partner companies, in more than 300 brands and flavors across 14 states and the District of Columbia, to approximately 60 million consumers. For over 123 years, we have been deeply committed to the consumers, customers and communities we serve and passionate about the broad portfolio of beverages and services we offer. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably.
More information about the Company is available at www.cokeconsolidated.com. Follow Coca‑Cola Consolidated on Facebook, X, Instagram and LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release are “forward-looking statements” subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words “anticipate,” “believe,” “expect,” “intend,” “project,” “may,” “will,” “should,” “could” and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company’s best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company’s actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: increased costs (including due to inflation) or disruption, unavailability or shortages of raw materials, fuel and other supplies; the reliance on purchased finished products from external sources; changes in public and consumer perception and preferences, including concerns related to product safety and sustainability, artificial ingredients, brand reputation and obesity; changes in government regulations related to nonalcoholic beverages, including regulations related to obesity, public health, artificial ingredients, recycling, sustainability and product safety; decreases from historic levels of marketing funding support provided to us by The Coca‑Cola Company and other beverage companies; material changes in the performance requirements for marketing funding support or our inability to meet such requirements; decreases from historic levels of advertising, marketing and product innovation spending by The Coca‑Cola Company and other beverage companies, or advertising campaigns that are negatively perceived by the public; any failure of the several Coca‑Cola system governance entities of which we are a participant to function efficiently or in our best interest and any failure or delay of ours to receive anticipated benefits from these governance entities; provisions in our beverage distribution and manufacturing agreements with The Coca‑Cola Company that could delay or prevent a change in control of us or a sale of our Coca‑Cola distribution or manufacturing businesses; the concentration of our capital stock ownership; our inability to meet requirements under our beverage distribution and manufacturing agreements; changes in the inputs used to calculate our acquisition related contingent consideration liability; technology failures or cyberattacks on our information technology systems or our effective response to technology failures or cyberattacks on our third-party service providers’, business partners’, customers’, suppliers’ or other third parties’ information technology systems; unfavorable changes in the general economy; changes in trade policies, including the imposition of, or increase in, tariffs on imported goods; the concentration risks among our customers and suppliers; lower than expected net pricing of our products resulting from continued and increased customer and competitor consolidations and marketplace competition; the effect of changes in our level of debt, borrowing costs and credit ratings on our access to capital and credit markets, operating flexibility and ability to obtain additional financing to fund future needs; the failure to attract, train and retain qualified employees while controlling labor costs and other labor issues; the failure to maintain productive relationships with our employees covered by collective bargaining agreements, including failing to renegotiate collective bargaining agreements; changes in accounting standards; our use of estimates and assumptions; changes in tax laws, disagreements with tax authorities or additional tax liabilities; changes in legal contingencies; natural disasters, changing weather patterns and unfavorable weather; and climate change or legislative or regulatory responses to such change. These and other factors are discussed in the Company’s regulatory filings with the United States Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The forward-looking statements contained in this news release speak only as of this date, and the Company does not assume any obligation to update them, except as may be required by applicable law.
FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
| First Quarter | ||||||||
| (in thousands, except per share data) | 2025 | 2024 | ||||||
| Net sales | $ | 1,579,977 | $ | 1,591,626 | ||||
| Cost of sales | 952,873 | 951,067 | ||||||
| Gross profit | 627,104 | 640,559 | ||||||
| Selling, delivery and administrative expenses | 437,284 | 425,153 | ||||||
| Income from operations | 189,820 | 215,406 | ||||||
| Interest expense (income), net | 6,874 | (2,716 | ) | |||||
| Other expense (income), net | 43,473 | (4,713 | ) | |||||
| Income before taxes | 139,473 | 222,835 | ||||||
| Income tax expense | 35,862 | 57,094 | ||||||
| Net income | $ | 103,611 | $ | 165,741 | ||||
| Basic net income per share: | ||||||||
| Common Stock | $ | 11.88 | $ | 17.68 | ||||
| Weighted average number of Common Stock shares outstanding | 7,713 | 8,369 | ||||||
| Class B Common Stock | $ | 11.88 | $ | 17.68 | ||||
| Weighted average number of Class B Common Stock shares outstanding | 1,005 | 1,005 | ||||||
| Diluted net income per share: | ||||||||
| Common Stock | $ | 11.87 | $ | 17.66 | ||||
| Weighted average number of Common Stock shares outstanding – assuming dilution | 8,726 | 9,387 | ||||||
| Class B Common Stock | $ | 11.86 | $ | 17.46 | ||||
| Weighted average number of Class B Common Stock shares outstanding – assuming dilution | 1,013 | 1,018 | ||||||
FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
| (in thousands) | March 28, 2025 | December 31, 2024 | ||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 1,151,805 | $ | 1,135,824 | ||||
| Short-term investments | 340,050 | 301,210 | ||||||
| Trade accounts receivable, net | 543,176 | 552,979 | ||||||
| Other accounts receivable | 141,972 | 130,563 | ||||||
| Inventories | 340,214 | 330,395 | ||||||
| Prepaid expenses and other current assets | 96,217 | 96,331 | ||||||
| Total current assets | 2,613,434 | 2,547,302 | ||||||
| Property, plant and equipment, net | 1,537,547 | 1,505,267 | ||||||
| Right-of-use assets - operating leases | 107,099 | 112,351 | ||||||
| Leased property under financing leases, net | 2,727 | 3,138 | ||||||
| Other assets | 185,526 | 181,048 | ||||||
| Goodwill | 165,903 | 165,903 | ||||||
| Other identifiable intangible assets, net | 791,502 | 798,130 | ||||||
| Total assets | $ | 5,403,738 | $ | 5,313,139 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: | ||||||||
| Current portion of debt | $ | 349,781 | $ | 349,699 | ||||
| Current portion of obligations under operating leases | 23,199 | 23,257 | ||||||
| Current portion of obligations under financing leases | 2,660 | 2,685 | ||||||
| Accounts payable and accrued expenses | 914,551 | 937,528 | ||||||
| Total current liabilities | 1,290,191 | 1,313,169 | ||||||
| Deferred income taxes | 168,215 | 132,941 | ||||||
| Pension and postretirement benefit obligations and other liabilities | 919,509 | 918,061 | ||||||
| Noncurrent portion of obligations under operating leases | 87,520 | 92,362 | ||||||
| Noncurrent portion of obligations under financing leases | 1,721 | 2,346 | ||||||
| Long-term debt | 1,437,168 | 1,436,649 | ||||||
| Total liabilities | 3,904,324 | 3,895,528 | ||||||
| Equity: | ||||||||
| Stockholders’ equity | 1,499,414 | 1,417,611 | ||||||
| Total liabilities and equity | $ | 5,403,738 | $ | 5,313,139 | ||||
FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
| First Quarter | ||||||||
| (in thousands) | 2025 | 2024 | ||||||
| Cash Flows from Operating Activities: | ||||||||
| Net income | $ | 103,611 | $ | 165,741 | ||||
| Depreciation expense, amortization of intangible assets and deferred proceeds, net | 53,373 | 46,751 | ||||||
| Fair value adjustment of acquisition related contingent consideration | 42,728 | (5,541 | ) | |||||
| Deferred income taxes | 35,278 | 56,616 | ||||||
| Change in current assets and current liabilities | (19,676 | ) | (44,257 | ) | ||||
| Change in noncurrent assets and noncurrent liabilities | (19,347 | ) | (25,958 | ) | ||||
| Other | 2,204 | 921 | ||||||
| Net cash provided by operating activities | $ | 198,171 | $ | 194,273 | ||||
| Cash Flows from Investing Activities: | ||||||||
| Additions to property, plant and equipment | $ | (97,866 | ) | $ | (77,040 | ) | ||
| Purchases and disposals of short-term investments | (37,402 | ) | (182,690 | ) | ||||
| Other | (4,427 | ) | (3,532 | ) | ||||
| Net cash used in investing activities | $ | (139,695 | ) | $ | (263,262 | ) | ||
| Cash Flows from Financing Activities: | ||||||||
| Cash dividends paid | $ | (21,794 | ) | $ | (154,666 | ) | ||
| Payments of acquisition related contingent consideration | (19,819 | ) | (9,700 | ) | ||||
| Other | (882 | ) | (654 | ) | ||||
| Net cash used in financing activities | $ | (42,495 | ) | $ | (165,020 | ) | ||
| Net increase (decrease) in cash during period | $ | 15,981 | $ | (234,009 | ) | |||
| Cash at beginning of period | 1,135,824 | 635,269 | ||||||
| Cash at end of period | $ | 1,151,805 | $ | 401,260 | ||||
COMPARABLE AND NON-GAAP FINANCIAL MEASURES(c)
The following tables reconcile reported results (GAAP) to comparable and adjusted results (non-GAAP):
Results for the first quarter of 2024 include two additional selling days compared to the first quarter of 2025. For comparison purposes, the estimated impact of the additional selling days in the first quarter of 2024 has been excluded from our comparable(b) volume results.
| First Quarter | |||||||||
| (in millions) | 2025 | 2024 | Change | ||||||
| Volume | 76.7 | 82.1 | (6.6 | )% | |||||
| Volume related to extra days in fiscal period | — | (1.7 | ) | ||||||
| Comparable volume | 76.7 | 80.4 | (4.5 | )% | |||||
| First Quarter 2025 | ||||||||||||||||||||||||
| (in thousands, except per share data) | Gross profit | SD&A expenses | Income from operations | Income before taxes | Net income | Basic net income per share | ||||||||||||||||||
| Reported results (GAAP) | $ | 627,104 | $ | 437,284 | $ | 189,820 | $ | 139,473 | $ | 103,611 | $ | 11.88 | ||||||||||||
| Fair value adjustment of acquisition related contingent consideration | — | — | — | 42,728 | 32,174 | 3.69 | ||||||||||||||||||
| Fair value adjustments for commodity derivative instruments | 799 | 165 | 634 | 634 | 477 | 0.05 | ||||||||||||||||||
| Total reconciling items | 799 | 165 | 634 | 43,362 | 32,651 | 3.74 | ||||||||||||||||||
| Adjusted results (non-GAAP) | $ | 627,903 | $ | 437,449 | $ | 190,454 | $ | 182,835 | $ | 136,262 | $ | 15.62 | ||||||||||||
| Adjusted % Change vs. First Quarter 2024 | (2.2 | )% | 2.9 | % | (12.1 | )% |
| First Quarter 2024 | ||||||||||||||||||||||||
| (in thousands, except per share data) | Gross profit | SD&A expenses | Income from operations | Income before taxes | Net income | Basic net income per share | ||||||||||||||||||
| Reported results (GAAP) | $ | 640,559 | $ | 425,153 | $ | 215,406 | $ | 222,835 | $ | 165,741 | $ | 17.68 | ||||||||||||
| Fair value adjustment of acquisition related contingent consideration | — | — | — | (5,541 | ) | (4,172 | ) | (0.45 | ) | |||||||||||||||
| Fair value adjustments for commodity derivative instruments | 1,156 | (43 | ) | 1,199 | 1,199 | 903 | 0.10 | |||||||||||||||||
| Total reconciling items | 1,156 | (43 | ) | 1,199 | (4,342 | ) | (3,269 | ) | (0.35 | ) | ||||||||||||||
| Adjusted results (non-GAAP) | $ | 641,715 | $ | 425,110 | $ | 216,605 | $ | 218,493 | $ | 162,472 | $ | 17.33 | ||||||||||||
| (c) | The Company reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). However, management believes that certain non-GAAP financial measures provide users of the financial statements with additional, meaningful financial information that should be considered, in addition to the measures reported in accordance with GAAP, when assessing the Company’s ongoing performance. Management also uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP. The Company’s non-GAAP financial information does not represent a comprehensive basis of accounting. |
FAQ
How much did Coca-Cola Consolidated (COKE) sales drop in Q1 2025?
Why did COKE stock volume decline 6.6% in first quarter 2025?
What caused COKE's operating income to fall in Q1 2025?
What is Coca-Cola Consolidated's capital expenditure plan for 2025?
How did COKE's Still beverage category perform in Q1 2025?
