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Sep 30, 2022
Coca-Cola Consolidated Q3 2022 Earnings Report
Reported an increase in net sales and gross profit, driven by price increases and solid volume growth.
Key Takeaways
Coca-Cola Consolidated reported strong Q3 2022 results with a 12% increase in net sales and a 20% increase in gross profit. The company's performance was driven by effective revenue growth management strategies and solid volume growth in the Sparkling category.
Net sales increased 12% versus the third quarter of 2021.
Gross profit increased 20% versus the third quarter of 2021.
Gross margin improved by 260 basis points to 38.1%.
Net income in the third quarter of 2022 was $118.8 million, compared to $68.9 million in the third quarter of 2021.
Coca-Cola Consolidated
Coca-Cola Consolidated
Coca-Cola Consolidated Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income