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Jun 28, 2020
Coca-Cola Consolidated Q2 2020 Earnings Report
Net sales declined, but physical case volume increased. Gross margin improved due to favorable commodity costs, and income from operations increased.
Key Takeaways
Coca-Cola Consolidated reported mixed results for Q2 2020. While net sales decreased by 3.6%, physical case volume saw a slight increase of 0.6%. Gross profit decreased slightly, but gross margin improved due to favorable commodity costs. Income from operations showed a significant increase of 23.7%.
Net sales decreased by 3.6% compared to Q2 2019, while physical case volume increased by 0.6%.
Gross profit decreased by 1.5%, but gross margin improved by 80 basis points.
Income from operations increased by 23.7% compared to Q2 2019.
Sparkling beverage volume increased 3.7%, while still beverage volume declined 6.6%.
Revenue by Segment
Forward Guidance
The company expects that actions taken along with steady consumer demand will enable them to deliver solid full year operating results, but remains mindful of the rapidly changing environment.
Positive Outlook
- Strong actions already taken.
- Continued steady consumer demand.
- Expected solid full year operating results.
Challenges Ahead
- Rapidly changing environment.
- COVID-19 related impacts on the business.
- Volatility in revenue and physical case sales.
- Decline in still beverage volume.
- Decline in fountain syrup revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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