Coca-Cola Consolidated Inc Stock Price, News & Analysis

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.

Coca-Cola Consolidated reported a 12% increase in net sales for Q3 2022, totaling $1.63 billion, driven by price increases on beverages. Gross profit rose 20% to $621 million, with an improved gross margin of 38.1%. Income from operations in the first nine months reached $468 million, up 33%. Despite a rise in selling and administrative expenses due to increased labor costs, the company achieved strong free cash flow and reduced debt, repaying $125 million in senior notes. Future outlook remains optimistic for 2023.

Coca-Cola Consolidated, traded as COKE, will release its Q3 2022 financial results on November 1, 2022, after market close. The company is the largest Coca-Cola bottler in the U.S., providing a wide range of beverages across 14 states and the District of Columbia. With a commitment to consumer service and community engagement, Coca-Cola Consolidated has been operational for over 120 years, distributing products to approximately 60 million consumers. The financial report will cover the third quarter ended September 30, 2022, and the first nine months of fiscal 2022.

Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has declared a fourth-quarter dividend of $0.25 per share on its Common and Class B Common Stock. The dividend will be payable on November 10, 2022, to shareholders on record as of the close of business on October 27, 2022. This announcement highlights the company's ongoing commitment to returning value to its shareholders while reinforcing its position as the largest Coca-Cola bottler in the U.S.

Coca-Cola Consolidated reported a strong second quarter for 2022, with net sales rising by 11% to $1.60 billion and physical case volume up 1.0%. Gross profit grew to $551 million, maintaining a gross margin at 34.5%. Notably, income from operations surged 29% in the first half of 2022 to $278 million. Despite some supply chain challenges, the company effectively implemented pricing strategies. Net income nearly doubled to $99.6 million in Q2 2022 compared to the prior year, while cash flows from operations were $243.5 million.

Coca-Cola Consolidated (NASDAQ: COKE) will release its financial results for the second quarter of fiscal 2022 on August 2, 2022, after market close. The report will cover the quarter ended July 1, 2022, and the first half of the fiscal year. As the largest Coca-Cola bottler in the U.S., Coca-Cola Consolidated has been serving approximately 60 million consumers across 14 states and the District of Columbia, upholding a legacy of over 120 years in the beverage industry.