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. reports developments for a Nasdaq-listed beverage bottler that manufactures, markets and distributes nonalcoholic beverages within the Coca-Cola system. Its portfolio includes sparkling beverages led by Coca-Cola and still products such as bottled water, ready-to-drink tea and coffee, enhanced water, juices, sports drinks and energy products.
Recurring announcements cover quarterly and annual operating results, beverage volume, net sales, gross profit, operating income, margins and pricing or commodity-cost context. Company updates also include dividends on Common Stock and Class B Common Stock, share repurchases, manufacturing-capacity investments and governance changes tied to its ownership and board structure.
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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.