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 Coca‑Cola bottler in the United States, making, selling and distributing beverages of The Coca‑Cola Company and other partner companies. This news page compiles company announcements, financial updates and operational developments that the company releases through news wires and regulatory disclosures.
Readers can find detailed coverage of earnings results, where Coca‑Cola Consolidated reports on net sales, volume, gross profit, operating margin, net income and cash flows from operations for periods such as the second quarter, third quarter and first nine months of a fiscal year. These releases often break down performance by Sparkling and Still categories and discuss trends in channels such as supermarkets, club stores, value channels, small store convenience outlets and on‑premise locations.
The news feed also includes capital markets and corporate actions, such as announcements of quarterly dividends on Common Stock and Class B Common Stock, stock split approvals and timing, and share repurchase activity. Notably, the company has reported a 10‑for‑1 stock split and a significant repurchase of shares previously held by a subsidiary of The Coca‑Cola Company, along with related financing arrangements.
In addition, Coca‑Cola Consolidated uses news releases to highlight community and purpose-driven initiatives, including back‑to‑school programs supporting teachers, students and schools across its 14‑state and District of Columbia territory. These stories illustrate how the company connects its stated Purpose—to honor God in all it does, to serve others, to pursue excellence and to grow profitably—with activities in the communities it serves.
Investors, analysts and other interested readers can use this page to review the company’s own descriptions of its financial performance, capital allocation decisions, community engagement and other significant events over time.
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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.
For further inquiries, media can contact Josh Gelinas at (704) 807-3703 or via email, while investor queries should be directed to Scott Anthony at (704) 557-4633.
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.