Loading...
•
Jun 28, 2024
Coca-Cola Consolidated Q2 2024 Earnings Report
Coca-Cola Consolidated reported strong second quarter results driven by focus on margin management and operating efficiency.
Key Takeaways
Coca-Cola Consolidated reported a 3% increase in net sales and a 7% increase in gross profit for the second quarter of 2024. The company's focus on margin management and operating efficiency led to higher profitability. They also repurchased a significant amount of common shares.
Net sales increased by 3% compared to the second quarter of 2023.
Gross profit increased by 7% compared to the second quarter of 2023, with gross margin improving by 130 basis points to 39.9%.
Operating income increased by 11% compared to the second quarter of 2023, with operating margin increasing by 100 basis points to 14.4%.
Sparkling and Still beverage sales increased by 4.4% and 4.2%, respectively.
Revenue by Segment
Forward Guidance
Coca-Cola Consolidated expects capital expenditures to be between $300 million and $350 million for the full year of 2024.
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
Loading earnings performance data...
Loading earnings reaction data...