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Oct 01, 2021
Coca-Cola Consolidated Q3 2021 Earnings Report
Reported operating results for the third quarter and first nine months ended October 1, 2021.
Key Takeaways
Coca-Cola Consolidated's net sales increased by 10% in Q3 2021, driven by pricing actions on Sparkling and Still beverages to offset rising input costs. Gross profit also increased by 10%, although gross margin saw a slight decrease. The company faced supply chain challenges and labor shortages but remains confident in its financial outlook.
Net sales increased 10% in the third quarter of 2021.
Gross profit increased 10% in the third quarter of 2021.
Pricing actions drove net sales increase, offsetting input cost increases.
The company experienced supply chain challenges with Still beverage brands.
Coca-Cola Consolidated
Coca-Cola Consolidated
Coca-Cola Consolidated Revenue by Segment
Revenue by Segment
Sparkling beverages Revenue
CapyFin.comStill beverages Revenue
CapyFin.com Forward Guidance
Coca-Cola Consolidated aims to build on its commercial success in Q4 2021 to position itself for a strong start to 2022, navigating challenges such as rising commodity costs, labor shortages, and supply chain interruptions.
Positive Outlook
- Continued success in executing commercial strategies across Coca-Cola trademark brands.
- Focus on value creation across the portfolio.
- Commitment to investing in people.
- Aiming for a strong start to 2022.
- Maintaining margins on key brands and packages.
Challenges Ahead
- Rising commodity costs.
- Labor shortages for front-line positions.
- Supply chain interruptions for key manufacturing inputs and finished goods.
- Wage inflation.
- Need to remain flexible and nimble in planning.
Revenue & Expenses
Visualization of income flow from segment revenue to net income