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, manufacturing and distributing more than 250 beverage brands across 14 southeastern states from its Charlotte, North Carolina headquarters. As a family-owned business operating since 1902, the company generates news coverage distinct from typical beverage corporations.
News for Coca-Cola Consolidated typically includes quarterly earnings reports reflecting performance across its regional distribution network, capital investments in manufacturing facilities and distribution infrastructure, and corporate actions affecting shareholders. The company's franchise relationship with The Coca-Cola Company also generates coverage when territory agreements or strategic partnerships evolve.
Investors following COKE monitor developments related to beverage consumption trends in the southeastern United States, operational efficiency initiatives, and capacity expansion projects. The company's family ownership structure means leadership transitions and governance decisions attract attention from shareholders focused on long-term corporate direction.
Bookmark this page to track Coca-Cola Consolidated press releases, earnings announcements, dividend declarations, and material corporate events as they occur.
Coca-Cola Consolidated (NASDAQ: COKE) has announced a $90 million investment in a new facility complex in Columbus, Ohio. The investment includes a 400,000-square-foot distribution and warehouse facility and two 15,000 square-feet buildings for equipment repair and fleet maintenance. The new 60-acre campus will handle over 16 million cases annually and features state-of-the-art technology including the Vertique semi-automated system.
The expansion has created 35 new jobs, increasing total employment to 360 teammates. The facility includes modern amenities such as a Wellness Clinic, experiential learning center, and sustainability features like LED lighting and EV charging infrastructure. The company currently operates 15 facilities across Ohio with over 2,210 employees, serving more than 21,000 businesses in Ohio, Kentucky, and Indiana.
[ "Major $90 million investment shows strong commitment to market expansion", "Facility capacity of 16 million cases annually demonstrates significant operational scale", "35 new jobs created, bringing total employment to 360", "Implementation of Vertique semi-automated system to improve efficiency and productivity", "Strategic location serving multiple states (Ohio, Kentucky, and Indiana)" ]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 (NASDAQ: COKE), the largest Coca-Cola bottler in the United States, has announced it will release its first quarter 2025 operating results on April 30, 2025 after market close. The results will cover the period ended March 28, 2025.
The company serves approximately 60 million consumers across 14 states and the District of Columbia, distributing more than 300 brands and flavors of beverages from The Coca-Cola Company and other partner companies. Based in Charlotte, N.C., Coca-Cola Consolidated has been operating for over 123 years in the beverage industry.
Coca-Cola Consolidated (NASDAQ: COKE), the largest Coca-Cola bottler in the United States, has announced its second quarter dividend for 2025. The company's Board of Directors has declared a dividend of $2.50 per share on both Common Stock and Class B Common Stock.
The dividend will be payable on May 9, 2025, to stockholders of record as of the close of business on April 25, 2025. The company currently serves approximately 60 million consumers across 14 states and the District of Columbia, distributing more than 300 brands and flavors of beverages from The Coca-Cola Company and other partner companies.
Coca-Cola Consolidated (NASDAQ: COKE) has announced a significant 10-for-1 stock split for both its Common Stock and Class B Common Stock, pending stockholder approval at the Annual Meeting on May 13, 2025. The split requires an amendment to the Company's Restated Certificate of Incorporation to increase the authorized shares proportionally.
Shareholders of record as of May 16, 2025, will receive 9 additional shares for each share held, with distribution planned for May 23, 2025. Trading on a split-adjusted basis is expected to begin around May 27, 2025.
Chairman and CEO J. Frank Harrison, III noted that the decision comes as shares trade near all-time highs, citing solid financial performance and increased investor interest. The split aims to make the stock more accessible to a broader investor base.
Coca-Cola Consolidated (NASDAQ: COKE) reported strong Q4 2024 results with net sales increasing 7.1% to $1.7 billion and fiscal year 2024 sales rising 3.7% to $6.9 billion. Q4 gross profit grew 8.8% to $697.9 million, with margins improving 70 basis points to 40%.
The company's Q4 2024 income from operations increased 22.6% to $218.7 million, while fiscal year 2024 operating income rose 10.3% to $920.4 million. Net income for Q4 2024 reached $178.9 million, up from $75.8 million in Q4 2023.
During 2024, the company invested over $370 million in capital expenditures, repurchased approximately $626 million of Common Stock, and increased its annualized regular dividend to $10 per share. The company expects capital expenditures of approximately $300 million for fiscal year 2025.
Coca-Cola Consolidated (NASDAQ: COKE), the largest Coca-Cola bottler in the United States, has announced it will release its fourth quarter and fiscal year 2024 operating results after market close on February 20, 2025.
The company, headquartered in Charlotte, N.C., distributes beverages of The Coca-Cola Company and other partners, offering more than 300 brands and flavors across 14 states and the District of Columbia, serving approximately 60 million consumers.
Coca-Cola Consolidated (NASDAQ: COKE) has declared a quarterly dividend of $2.50 per share for the first quarter of 2025. The dividend will be paid on February 7, 2025, to shareholders of record as of January 24, 2025. This applies to both Common Stock and Class B Common Stock holders.
As the largest Coca-Cola bottler in the United States, the company operates across 14 states and the District of Columbia, serving approximately 60 million consumers. The company distributes over 300 brands and flavors of beverages from The Coca-Cola Company and other partner companies.
Coca-Cola Consolidated (NASDAQ: COKE) announced that Executive Vice President and CFO Scott Anthony will retire effective March 31, 2025, after serving in the role since 2018. Matthew J. Blickley, currently Senior Vice President of Financial Planning and Chief Accounting Officer, will assume the position of Executive Vice President and CFO on April 1, 2025.
Blickley, who joined the company in 2014, will maintain his role as Chief Accounting Officer and report to Dave Katz, President and Chief Operating Officer. His background includes various financial roles within the company, including Corporate Controller, and he previously worked at PricewaterhouseCoopers LLP.
CEO J. Frank Harrison III credited Anthony's strategic leadership for the company's exceptional financial performance and strong stockholder returns since 2019. Anthony will continue to serve the company in a consultancy role following his retirement.
Coca-Cola Consolidated (NASDAQ: COKE) reported strong Q3 2024 results with net sales increasing 3.1% to $1.8 billion. Gross profit rose 5.5% to $698 million, with gross margin improving by 90 basis points to 39.5%. Income from operations grew 5% to $227.1 million, while net income increased to $115.6 million from $92.1 million in Q3 2023. Sparkling beverage sales showed robust growth of 5.8%, though standard physical case volume declined 2.1%. The company completed the purchase of its Nashville production facility for $56 million and expects capital expenditures of approximately $350 million for full-year 2024.
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