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Sep 27, 2020
Coca-Cola Consolidated Q3 2020 Earnings Report
Coca-Cola Consolidated's financial performance improved due to increased net sales and gross profit.
Key Takeaways
Coca-Cola Consolidated reported a strong third quarter with net sales increasing by 4.5% and gross profit up by 9.3%. The company's performance was driven by strong sales of multi-serve packages and gradual improvement in single-serve sales.
Net sales increased by 4.5% compared to the third quarter of 2019.
Physical case volume increased by 3.9% for the quarter.
Gross profit increased by $40.2 million, or 9.3%.
Income from operations was $103.8 million, up $50.0 million.
Revenue by Segment
Forward Guidance
The company anticipates increased manufacturing capacity, expanded key warehouses, and improved use of automation and technology within its business.
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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