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.
Coca-Cola Consolidated (NASDAQ: COKE) plans to release its financial results for the second quarter and first half of fiscal 2020 on August 4, 2020, after market close. As the largest Coca-Cola bottler in the U.S., the company services over 66 million consumers across 14 states and the District of Columbia. This announcement follows their commitment to delivering a broad portfolio of beverages and maintaining a consumer-focused approach.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has declared a dividend of $0.25 per share for Q3 2020, payable on August 7, 2020, to shareholders of record by the close of business on July 24, 2020. As the largest Coca-Cola bottler in the U.S., Coca-Cola Consolidated continues its commitment to serve consumers with a wide portfolio of beverages, having reached 66 million consumers across 14 states and the District of Columbia. This dividend declaration reflects the company's ongoing efforts to deliver returns to its shareholders while maintaining its operational excellence.
Coca-Cola Consolidated announces the appointment of Morgan H. Everett as Vice Chair, effective May 12, 2020. Chairman and CEO J. Frank Harrison, III, expressed confidence in her ability to lead, highlighting her experience with the company and her understanding of the Coca-Cola bottling system. Everett has been with the company since 2004 and a Board member since 2011. She is committed to the company's long-term success and values its dedication to consumers and communities.
Coca-Cola Consolidated reported a 6.4% increase in net sales to $1,173.0 million for Q1 2020, driven by a 6.1% rise in physical case volume. Gross profit rose by $16.0 million (4.1%), despite a decrease in gross margins to 34.6%. Income from operations surged to $32.8 million, up 62.9% year-over-year. However, the company anticipates challenges ahead due to COVID-19, with a shift to multi-serve packages impacting future sales. Net income improved significantly to $14.7 million from a loss of $6.8 million. Cash flows from operations increased to $32.3 million.