Coca-Cola Consolidated Inc Stock Price, News & Analysis

On April 19, 2023, Coca-Cola Consolidated announced it will release its operating results for the first quarter ended March 31, 2023, on May 3, 2023, after market close. As the largest Coca-Cola bottler in the U.S., Coca-Cola Consolidated serves approximately 60 million consumers across 14 states and the District of Columbia, offering over 300 brands and flavors. The company is headquartered in Charlotte, N.C., and is listed on the Nasdaq under the ticker symbol COKE.

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Coca-Cola Consolidated (NASDAQ: COKE) declared a $0.50 dividend for the second quarter of 2023. This dividend applies to both Common and Class B Common Stock. The payment date is set for May 12, 2023, with a record date of April 28, 2023.

Headquartered in Charlotte, N.C., Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving an extensive customer base across 14 states and the District of Columbia. The company has a rich history of over 121 years and maintains a commitment to excellence in beverage production and distribution.

Coca-Cola Consolidated reported a strong fourth quarter for 2022, with net sales increasing 12% to $1.57 billion. Gross profit rose 22% to $599 million, improving gross margin to 38.1%. For fiscal year 2022, net sales reached $6.20 billion, up 11%, with income from operations up 46% to $641 million. Despite a 1.1% decline in physical case volume during Q4, price increases drove revenue growth. The company plans to invest $250 million to $300 million in capital expenditures for 2023 while focusing on debt reduction, having cut $125 million from outstanding obligations in 2022.

Coca-Cola Consolidated (NASDAQ: COKE) will release its fourth quarter and fiscal year 2022 operating results on February 22, 2023, after market close. As the largest Coca-Cola bottler in the U.S., the company distributes over 300 brands and flavors across 14 states and the District of Columbia, reaching approximately 60 million consumers. Founded over 120 years ago, Coca-Cola Consolidated remains committed to serving its communities and maintaining profitable growth. For more details, visit www.cokeconsolidated.com.

Coca-Cola Consolidated (NASDAQ: COKE) has announced a substantial increase in its quarterly cash dividend from $0.25 to $0.50 per share, effective February 10, 2023. In addition, the Board declared a special cash dividend of $3.00 per share. Both dividends are payable to stockholders as of January 27, 2023. Chairman J. Frank Harrison, III, attributed this decision to the company’s strong financial performance and improved net debt position, highlighting a commitment to returning capital to shareholders.