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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.
Coca-Cola Consolidated
Coca-Cola Consolidated
Coca-Cola Consolidated 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