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Dec 31, 2022
Coca-Cola Consolidated Q4 2022 Earnings Report
Reported a 12% increase in net sales and a gross margin improvement of 300 basis points for the fourth quarter of 2022.
Key Takeaways
Coca-Cola Consolidated reported a strong fourth quarter and fiscal year 2022, marked by a 12% increase in net sales for Q4, driven by price increases. Gross profit also increased by 22%, with gross margin improving to 38.1%. The company celebrated record profitability and focused on long-term margin improvement.
Net sales increased 12% in Q4 2022, driven by price increases.
Gross profit increased 22% in Q4 2022, with gross margin improving to 38.1%.
Sparkling beverage volume continued to outperform price elasticities with higher pricing.
Company reduced outstanding indebtedness by $125 million during the year.
Coca-Cola Consolidated
Coca-Cola Consolidated
Coca-Cola Consolidated Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income