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Sep 29, 2023
Coca-Cola Consolidated Q3 2023 Earnings Report
Reported a solid quarter of operating performance, leveraging strong brands and disciplined pricing.
Key Takeaways
Coca-Cola Consolidated reported a 5% increase in net sales for Q3 2023, reaching $1.71 billion. Income from operations increased by 14% to $216.3 million. The company achieved a milestone by becoming net debt free for the first time in almost 40 years.
Net sales increased by 5% compared to Q3 2022.
Income from operations rose by 14% compared to Q3 2022.
Gross profit increased by 7% with gross margin improving to 38.6%.
Company became net debt free for the first time in almost 40 years.
Revenue by Segment
Forward Guidance
Sales growth is expected to slow further in the fourth quarter as the company fully cycles 2022 price increases.
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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