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Dec 31, 2020
Coca-Cola Consolidated Q4 2020 Earnings Report
Coca-Cola Consolidated reported strong Q4 2020 results driven by increased net sales and physical case volume.
Key Takeaways
Coca-Cola Consolidated's Q4 2020 net sales increased by 8.5% and physical case volume rose by 8.1%. Income from operations significantly increased to $93.6 million. The company benefited from strong consumer demand and strategic expense management.
Net sales increased 8.5% compared to Q4 2019, with a comparable increase of 3.5%.
Physical case volume increased 8.1%, with a comparable increase of 2.6%.
Income from operations rose to $93.6 million, a $54.1 million increase from Q4 2019.
Gross profit increased by $48.7 million, and gross margin improved to 36.1%.
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 is optimistic about top-line growth opportunities in 2021 but remains mindful of the continuing impact of COVID-19 and the uncertainty it brings to the operating environment. The company expects operating costs to increase as business channels reopen and consumer buying patterns normalize.
Positive Outlook
- Robust commercial plan with brand partners
- Top line growth opportunities in 2021
- Solid year of financial performance expected in 2021
Challenges Ahead
- Continuing impact of COVID-19
- Uncertainty in the operating environment
- Expected increase in operating costs
- Expected input cost inflation
- 2021 income from operations likely below 2020 record performance
Revenue & Expenses
Visualization of income flow from segment revenue to net income