Coca-Cola Consolidated Reports Third Quarter and First Nine Months 2025 Results

Rhea-AI Summary

Coca-Cola Consolidated (NASDAQ: COKE) reported third quarter 2025 results for the period ended September 26, 2025 showing continued sales and profit growth.

Key Q3 highlights: net sales $1.888B (+6.9%), gross profit $748.5M (+7.2%), gross margin 39.6%, income from operations $246.6M (+8.6%), EPS $1.64 (+24%) and adjusted EPS $2.06 (+10%). Volume rose 3.3% in Q3. Year-to-date actions include ~$210M capital spending and ~$211M returned to shareholders via buybacks and dividends; full-year capex expected ~$300M.

Positive

• Net sales +6.9% to $1.888 billion in Q3 2025
• Gross profit +7.2% to $748.5 million in Q3 2025
• Earnings per share +24% to $1.64 in Q3 2025
• Adjusted EPS +10% to $2.06 in Q3 2025
• Volume +3.3% in Q3 2025
• Returned approximately $211 million to shareholders YTD 2025

Negative

• None.

Insights

Equity Analyst

Coca‑Cola Consolidated delivered stronger third quarter profitability and EPS with modest revenue and volume growth, supporting a positive near‑term outlook.

The company reported third quarter net sales of $1,888.3 million, up 6.9%, and third quarter volume of 3.3% versus prior year, driven by Sparkling and Still category strength. Third quarter gross profit rose to $748.5 million (up 7.2%) and gross margin improved by 10 basis points to 39.6%. Reported third quarter earnings per share increased to $1.64 (up 24%) and adjusted EPS rose to $2.06 (up 10%), while operating margin expanded to 13.1%.

The results rest on price increases executed earlier in the year and stronger third quarter volumes; wage and other labor investments raised SD&A expense but the company kept SD&A as a percentage of sales slightly lower in the quarter. Key dependencies and near‑term risks include continued consumer demand for Sparkling zero‑sugar and flavored variants versus Coca‑Cola Original Taste, the impact of commodity and aluminum import tariff volatility on costs, and the effect of selling‑day timing (the first nine months included two fewer selling days, which management quantified at about a $10 million income impact).

Concrete items to watch over the coming quarters: the company's full fiscal year $300 million capital expenditure expectation for fiscal 2025, ongoing quarterly volume trends in Sparkling versus Original Taste, margin progression relative to commodity/tariff movements, and continued levels of share repurchases and dividends (over $211 million returned through the first nine months and > $133 million in the third quarter). Expect relevant updates each quarter; the near horizon (next one to two quarters) should show whether price and mix gains sustain margin expansion.

• Third quarter of 2025 net sales increased 7% versus the third quarter of 2024.
  
  
• Gross profit in the third quarter of 2025 was $749 million, an increase of 7% versus the third quarter of 2024. Gross margin in the third quarter of 2025 increased 10 basis points^(a) to 39.6%.
  
  
• Income from operations for the third quarter of 2025 was $247 million, an increase of $20 million, or 9%. Operating margin for the third quarter of 2025 increased 20 basis points to 13.1%.
  
  
• Earnings per share for the third quarter of 2025 increased $0.32 to $1.64, an increase of 24%. On an adjusted^(b) basis, earnings per share increased $0.18 to $2.06, or 10%.
  

Key Results
	Third Quarter										First Nine Months
(in millions)	2025				2024				Change		2025				2024				Change
Volume(1)		92.8				89.9			3.3%			260.3				263.4			(1.2)%
Net sales	$1,888.3				$1,765.7				6.9%		$5,323.8				$5,153.2				3.3%
Gross profit	$748.5				$698.0				7.2%		$2,118.1				$2,055.3				3.1%
Gross margin		39.6%				39.5%						39.8%				39.9%
Income from operations	$246.6				$227.1				8.6%		$708.5				$701.6				1.0%
Operating margin		13.1%				12.9%						13.3%				13.6%
Beverage Sales	Third Quarter										First Nine Months
(in millions)	2025				2024				Change		2025				2024				Change
Sparkling bottle/can	$1,083.1				$1,034.7				4.7%		$3,096.9				$3,025.9				2.3%
Still bottle/can	$643.3				$585.5				9.9%		$1,778.5				$1,694.7				4.9%

(1)	Volume is measured on a standard physical case basis and is used to standardize differing package configurations delivered via direct store delivery.

Third Quarter and First Nine Months 2025 Review

CHARLOTTE, N.C., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ: COKE) today reported operating results for the third quarter ended September 26, 2025 and the first nine months of fiscal 2025.

“Our third quarter results reflect the ongoing dedication and resilience of our 17,000 teammates,” said J. Frank Harrison, III, Chairman and Chief Executive Officer. “We are beginning to see early returns on the teammate investment we announced last quarter, as our continued momentum in sales execution has led to solid market share growth across our portfolio. Our strong financial performance has allowed us to execute on our commitment to return capital to stockholders with over $211 million distributed through share repurchases and dividends during 2025.”

Volume was up 3.3% in the third quarter of 2025 and down 1.2% in the first nine months of the year. The first nine months of 2025 had two fewer selling days compared to the first nine months of 2024, which accounted for approximately 0.7% of the first nine-month volume decline. Our Sparkling category volume increased by 1.4% in the third quarter of 2025. The strong Sparkling volume performance was driven primarily by growth within zero-sugar and flavor offerings, while we continued to experience moderating headwinds in demand for Coca-Cola Original Taste. Still volume increased 8.9% in the third quarter of 2025 as a result of strong performance across many brands. Monster, Powerade, smartwater, Core Power, Dasani and Topo Chico all achieved volume growth in the third quarter of 2025, reflecting the strength of the brands and strong consumer demand.

Net sales increased 6.9% to $1.9 billion in the third quarter of 2025 and increased 3.3% to $5.3 billion in the first nine months of 2025. The growth in net sales was primarily the result of annual price increases executed during the first quarter of 2025 and strong volume performance during the third quarter. Sparkling and Still net sales increased 4.7% and 9.9% in the third quarter of 2025, respectively, compared to the third quarter of 2024. The increase in Sparkling category net sales was driven primarily by sales of multi-pack, take-home packages sold within our large store, club and value channels. The increase in Still category net sales was driven primarily by the solid performance of numerous brands across the category sold within large retail and convenience stores.

Gross profit in the third quarter of 2025 was $748.5 million, an increase of $50.5 million, or 7.2%. Gross margin in the third quarter of 2025 improved 10 basis points to 39.6%. Gross profit in the first nine months of 2025 was $2.1 billion, an increase of $62.8 million, or 3.1%. The annual price increases we executed earlier this year across our portfolio have been effective in offsetting the net impact of increased commodity costs, including the continued volatility of import tariffs on aluminum, across our portfolio.

“Our team’s relentless focus on timely, thoughtful execution combined with a strong brand portfolio is resulting in impressive operating results in a demanding retail landscape,” said Dave Katz, President and Chief Operating Officer. “Investments in our supply chain and selling capabilities have allowed us to meet the increasing demands of our customers while delivering profitable growth in a dynamic period of cost inflation. Our business remains healthy, we have momentum in brands throughout our portfolio and we have a customer-focused team executing across our territory, all of which support our ability to continue to deliver strong business performance.”

Selling, delivery and administrative (“SD&A”) expenses in the third quarter of 2025 increased $30.9 million, or 6.6%. The increase in SD&A expenses in the third quarter of 2025 as compared to the third quarter of 2024 was primarily driven by the cost of labor, which includes annual wage adjustments made earlier this year and an additional investment in the base wages of our front-line teammates, which became effective at the beginning of the third quarter. SD&A expenses as a percentage of net sales in the third quarter of 2025 decreased 10 basis points to 26.6% as compared to the third quarter of 2024. SD&A expenses in the first nine months of 2025 increased $55.9 million, or 4.1%. SD&A expenses as a percentage of net sales in the first nine months of 2025 increased 20 basis points to 26.5% as compared to the first nine months of 2024.

Income from operations in the third quarter of 2025 was $246.6 million, compared to $227.1 million in the third quarter of 2024, an increase of 8.6%. Operating margin for the third quarter of 2025 was 13.1% as compared to 12.9% for the third quarter of 2024, an increase of 20 basis points. For the first nine months of 2025, income from operations improved $6.9 million to $708.5 million, an increase of 1.0%. The two fewer selling days in the first nine months of 2025 accounted for an approximately $10 million decrease in income from operations.

Net income in the third quarter of 2025 was $142.3 million, compared to $115.6 million in the third quarter of 2024, an increase of $26.7 million, or 23.1%. On an adjusted^(b) basis, net income in the third quarter of 2025 was $179.2 million, compared to $166.7 million in the third quarter of 2024, an increase of $12.5 million, or 7.5%. Income tax expense for the third quarter of 2025 was $49.9 million, compared to $39.9 million for the third quarter of 2024, resulting in an effective income tax rate of approximately 26% for both periods.

Net income in the first nine months of 2025 was $433.3 million, compared to $454.2 million in the first nine months of 2024, a decline of $20.8 million, or 4.6%. On an adjusted^(b) basis, net income in the first nine months of 2025 was $510.6 million, compared to $521.9 million in the first nine months of 2024, a decrease of $11.3 million, or 2.2%. Net income for both the first nine months of 2025 and 2024 was adversely impacted by routine, non-cash fair value adjustments to our acquisition related contingent consideration liability, driven by changes in the discount rate and future cash flow projections used to compute the fair value of the liability.

Cash flows from operations for the first nine months of 2025 were $722.9 million, compared to $707.9 million for the first nine months of 2024. In the first nine months of 2025, we invested approximately $210 million in capital expenditures as we continue to optimize our supply chain and invest for future growth. In fiscal year 2025, we expect capital expenditures to be approximately $300 million. In the third quarter of 2025, we returned over $133 million to stockholders through approximately $111 million of share repurchases and approximately $22 million of dividends. Through the first nine months of 2025, we have returned approximately $211 million to stockholders through repurchases and dividends.

(a)	All comparisons are to the corresponding period in the prior year unless specified otherwise.
(b)	The discussion of the operating results for the third quarter ended September 26, 2025 and the first nine months of fiscal 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/82117286-961a-48bc-8fb7-8fe6704c4111

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)
		Third Quarter								First Nine Months
(in thousands, except per share data)		2025				2024				2025				2024
Net sales		$	1,888,317			$	1,765,652			$	5,323,813			$	5,153,221
Cost of sales			1,139,801				1,067,616				3,205,697				3,097,916
Gross profit			748,516				698,036				2,118,116				2,055,305
Selling, delivery and administrative expenses			501,882				470,981				1,409,578				1,353,704
Income from operations			246,634				227,055				708,538				701,601
Interest expense (income), net			4,687				2,187				17,509				(2,149	)
Other expense, net			49,717				69,305				106,334				93,127
Income before taxes			192,230				155,563				584,695				610,623
Income tax expense			49,896				39,939				151,363				156,446
Net income		$	142,334			$	115,624			$	433,332			$	454,177
Basic net income per share(c):
Common Stock		$	1.64			$	1.32			$	4.99			$	4.97
Weighted average number of Common Stock shares outstanding			76,554				77,560				76,881				81,405
Class B Common Stock		$	1.64			$	1.32			$	4.98			$	4.93
Weighted average number of Class B Common Stock shares outstanding			10,047				10,047				10,047				10,047
Diluted net income per share(c):
Common Stock		$	1.64			$	1.32			$	4.98			$	4.96
Weighted average number of Common Stock shares outstanding – assuming dilution			86,728				87,719				87,070				91,578
Class B Common Stock		$	1.64			$	1.32			$	4.97			$	4.90
Weighted average number of Class B Common Stock shares outstanding – assuming dilution			10,174				10,159				10,189				10,173

(c)	All share or per share amounts impacting the net income per share amounts have been retroactively adjusted to reflect the effects of a 10-for-1 forward stock split executed by the Company during the second quarter of 2025.

FINANCIAL STATEMENTS CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands)		September 26, 2025				December 31, 2024
ASSETS
Current Assets:
Cash and cash equivalents		$	1,532,473			$	1,135,824
Short-term investments			149,061				301,210
Trade accounts receivable, net			575,451				552,979
Other accounts receivable			135,348				130,563
Inventories			354,857				330,395
Prepaid expenses and other current assets			100,550				96,331
Total current assets			2,847,740				2,547,302
Property, plant and equipment, net			1,543,793				1,505,267
Right-of-use assets - operating leases			121,485				112,351
Leased property under financing leases, net			1,261				3,138
Other assets			210,083				181,048
Goodwill			165,903				165,903
Other identifiable intangible assets, net			778,245				798,130
Total assets		$	5,668,510			$	5,313,139
LIABILITIES AND EQUITY
Current Liabilities:
Current portion of debt		$	349,945			$	349,699
Current portion of obligations under operating leases			24,544				23,257
Current portion of obligations under financing leases			548				2,685
Accounts payable and accrued expenses			1,018,612				937,528
Total current liabilities			1,393,649				1,313,169
Deferred income taxes			133,465				132,941
Pension and postretirement benefit obligations and other liabilities			964,089				918,061
Noncurrent portion of obligations under operating leases			101,614				92,362
Noncurrent portion of obligations under financing leases			1,330				2,346
Long-term debt			1,438,439				1,436,649
Total liabilities			4,032,586				3,895,528
Equity:
Stockholders’ equity			1,635,924				1,417,611
Total liabilities and equity		$	5,668,510			$	5,313,139

FINANCIAL STATEMENTS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
		First Nine Months
(in thousands)		2025				2024
Cash Flows from Operating Activities:
Net income		$	433,332			$	454,177
Depreciation expense, amortization of intangible assets and deferred proceeds, net			163,224				143,179
Fair value adjustment of acquisition related contingent consideration			104,468				90,877
Deferred income taxes			523				(18,030	)
Change in current assets and current liabilities			38,581				55,763
Change in noncurrent assets and noncurrent liabilities			(19,120	)			(23,650	)
Other			1,905				5,577
Net cash provided by operating activities		$	722,913			$	707,893
Cash Flows from Investing Activities:
Additions to property, plant and equipment		$	(209,994	)		$	(287,333	)
Purchases and disposals of short-term investments			156,643				(211,256	)
Other			(8,324	)			(9,369	)
Net cash used in investing activities		$	(61,675	)		$	(507,958	)
Cash Flows from Financing Activities:
Payments related to share repurchases		$	(145,698	)		$	(574,009	)
Cash dividends paid			(65,310	)			(163,733	)
Payments of acquisition related contingent consideration			(51,639	)			(44,243	)
Proceeds from bond issuance			—				1,200,000
Other			(1,942	)			(17,213	)
Net cash (used in) provided by financing activities		$	(264,589	)		$	400,802
Net increase in cash and cash equivalents during period		$	396,649			$	600,737
Cash and cash equivalents at beginning of period			1,135,824				635,269
Cash and cash equivalents at end of period		$	1,532,473			$	1,236,006

COMPARABLE AND NON-GAAP FINANCIAL MEASURES(d) The following tables reconcile reported results (GAAP) to comparable and adjusted results (non-GAAP):
	Third 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(c)
Reported results (GAAP)		$	748,516			$	501,882			$	246,634			$	192,230			$	142,334			$	1.64
Fair value adjustment of acquisition related contingent consideration			—				—				—				49,350				37,111				0.42
Fair value adjustments for commodity derivative instruments			(378	)			(84	)			(294	)			(294	)			(221	)			—
Total reconciling items			(378	)			(84	)			(294	)			49,056				36,890				0.42
Adjusted results (non-GAAP)		$	748,138			$	501,798			$	246,340			$	241,286			$	179,224			$	2.06
Adjusted % Change vs. Third Quarter 2024			7.4	%			6.7	%			8.9	%

	Third 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(c)
Reported results (GAAP)		$	698,036			$	470,981			$	227,055			$	155,563			$	115,624			$	1.32
Fair value adjustment of acquisition related contingent consideration			—				—				—				68,592				51,652				0.57
Fair value adjustments for commodity derivative instruments			(1,426	)			(631	)			(795	)			(795	)			(599	)			(0.01	)
Total reconciling items			(1,426	)			(631	)			(795	)			67,797				51,053				0.56
Adjusted results (non-GAAP)		$	696,610			$	470,350			$	226,260			$	223,360			$	166,677			$	1.88

Results for the first nine months of 2024 include two additional selling days compared to the first nine months of 2025. For comparison purposes, the estimated impact of the additional selling days in the first nine months of 2024 has been excluded from our comparable^(b) volume results.

		First Nine Months
(in millions)		2025			2024			Change
Volume		260.3			263.4			(1.2	)%
Volume related to extra days in fiscal period		—			(1.7	)
Comparable volume		260.3			261.7			(0.5	)%

	First Nine Months 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(c)
Reported results (GAAP)		$	2,118,116			$	1,409,578			$	708,538			$	584,695			$	433,332			$	4.99
Fair value adjustment of acquisition related contingent consideration			—				—				—				104,468				78,560				0.90
Fair value adjustments for commodity derivative instruments			(899	)			770				(1,669	)			(1,669	)			(1,255	)			(0.01	)
Total reconciling items			(899	)			770				(1,669	)			102,799				77,305				0.89
Adjusted results (non-GAAP)		$	2,117,217			$	1,410,348			$	706,869			$	687,494			$	510,637			$	5.88
Adjusted % Change vs. First Nine Months 2024			3.1	%			4.2	%			0.9	%

	First Nine Months 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(c)
Reported results (GAAP)		$	2,055,305			$	1,353,704			$	701,601			$	610,623			$	454,177			$	4.97
Fair value adjustment of acquisition related contingent consideration			—				—				—				90,877				68,430				0.75
Fair value adjustments for commodity derivative instruments			(1,345	)			(420	)			(925	)			(925	)			(697	)			(0.01	)
Total reconciling items			(1,345	)			(420	)			(925	)			89,952				67,733				0.74
Adjusted results (non-GAAP)		$	2,053,960			$	1,353,284			$	700,676			$	700,575			$	521,910			$	5.71

(d)

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

What were Coca-Cola Consolidated (COKE) third quarter 2025 net sales and growth rate?

COKE reported Q3 2025 net sales of $1.888 billion, up 6.9% versus Q3 2024.

How much did Coca-Cola Consolidated (COKE) return to shareholders in 2025 through Q3?

Through the first nine months of 2025 COKE returned approximately $211 million via share repurchases and dividends.

What was Coca-Cola Consolidated's (COKE) Q3 2025 earnings per share and adjusted EPS?

Q3 2025 EPS was $1.64 (up 24%); adjusted EPS was $2.06 (up 10%).

How did Coca-Cola Consolidated's (COKE) volume perform in Q3 2025 and year-to-date?

Volume rose 3.3% in Q3 2025 and was 260.3 million cases for the first nine months (down 1.2% year-over-year).

What capital expenditure guidance did Coca-Cola Consolidated (COKE) give for fiscal 2025?

COKE has invested about $210 million YTD and expects full-year capital expenditures of approximately $300 million in fiscal 2025.

Which product categories drove Coca-Cola Consolidated's (COKE) Q3 2025 growth?

Q3 growth was driven by Sparkling (multi-pack/take-home strength) and Still categories, with notable volume gains in several brands.