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Jul 01, 2022
Coca-Cola Consolidated Q2 2022 Earnings Report
Coca-Cola Consolidated's operating results were reported for the second quarter ended July 1, 2022.
Key Takeaways
Coca-Cola Consolidated reported an 11% increase in net sales for the second quarter of 2022, driven by price increases and solid volume growth in Sparkling beverages. The company effectively managed supply chain challenges and cost inflation, leading to profitable growth.
Net sales increased by 11% compared to the second quarter of 2021, with physical case volume growth of 1.0%.
Gross profit increased by 11% to $551 million, while gross margin remained flat at 34.5%.
Income from operations increased by 22% to $147.3 million.
Net income improved by $51.4 million to $99.6 million.
Revenue by Segment
Forward Guidance
Consumer demand remains strong despite price increases. The company will continue to expand affordable packaging solutions and monitor consumer response as they take additional pricing actions in the second half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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