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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.
Revenue by Segment
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.
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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