Third quarter of 2024 net sales increased 3% versus the third quarter of 2023. Gross profit in the third quarter of 2024 was $698 million , an increase of 5.5% versus the third quarter of 2023. Gross margin in the third quarter of 2024 improved by 90 basis points (a) to 39.5%.
Second quarter of 2024 net sales increased 3% versus the second quarter of 2023. Gross profit in the second quarter of 2024 was $717 million , an increase of 7% versus the second quarter of 2023. Gross margin in the second quarter of 2024 improved by 130 basis points (a) to 39.9%.
CHARLOTTE, N.C. , June 21, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) (the “Company”) announced today the final results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m. , New York City time, on June 18, 2024 .
CHARLOTTE, N.C. , June 20, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) (the “Company”) announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m. , New York City time, on June 18, 2024 .
Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023. Operating margin for the first quarter of 2024 was 13.5% as compared to 13.1% for the first quarter of 2023, an increase of 40 basis points.
Fourth quarter of 2023 net sales increased 4% versus the fourth quarter of 2022. Gross profit in the fourth quarter of 2023 was $641 million, an increase of 7% versus the fourth quarter of 2022. Gross margin in the fourth quarter of 2023 improved by 120 basis points ( a ) to 39.3%.
Third quarter of 2023 net sales increased 5% versus the third quarter of 2022. Income from operations for the third quarter of 2023 was $216 million, up $26 million, or 14%, versus the third quarter of 2022. Income from operations for the first nine months of 2023 was $656 million, up $188 million,
Second quarter of 2023 net sales increased 9% versus the second quarter of 2022. Gross profit in the second quarter of 2023 was $672 million, an increase of 22% versus the second quarter of 2022. Gross margin in the second quarter of 2023 improved by 410 basis points (a) to 38.6%.
First quarter of 2023 net sales increased 12% versus the first quarter of 2022. Gross profit in the first quarter of 2023 was $624 million, an increase of 23% versus the first quarter of 2022. Gross margin in the first quarter of 2023 improved by 360 basis points (a) to 39.7%.
Fourth quarter of 2022 net sales increased 12% versus the fourth quarter of 2021. Gross profit in the fourth quarter of 2022 was $599 million, an increase of 22% versus the fourth quarter of 2021. Gross margin in the fourth quarter of 2022 improved by 300 basis points (a) to 38.1%.
Third quarter of 2022 net sales increased 12% versus the third quarter of 2021, with physical case volume growth of 0.6% (a) . Gross profit in the third quarter of 2022 was $621 million, an increase of 20% versus the third quarter of 2021. Gross margin in the third quarter of 2022 improved by 260
Second quarter of 2022 net sales increased 11% versus the second quarter of 2021, with physical case volume growth of 1.0% (a) . Gross profit in the second quarter of 2022 was $551 million, an increase of 11% versus the second quarter of 2021. Gross margin remained flat at 34.5%, while adjusted (b)
First quarter of 2022 net sales increased 11% versus the first quarter of 2021. Gross profit for the first quarter of 2022 was $508 million, up 13% versus the first quarter of 2021. Gross margin increased 80 basis points to 36.1% (a) . Income from operations for the first quarter of 2022 was
Fourth quarter of 2021 net sales increased 10% versus the fourth quarter of 2020. The fourth quarter of 2020 included four additional selling days compared to the fourth quarter of 2021. On a comparable (a) basis, net sales increased 15% (b) . Net sales for fiscal year 2021 were $5 .6 billion, up
Third quarter of 2021 net sales increased 10% versus the third quarter of 2020. Third quarter of 2021 gross profit was $518 million, up $45 million, or 10%, versus the third quarter of 2020. Income from operations for the first nine months of 2021 was $352 million, up $132 million, or 60%, versus
Second quarter of 2021 net sales increased 17% versus the second quarter of 2020, with physical case volume up 6% (a) . Second quarter of 2021 income from operations was $121 million, up $38 million, or 45%, versus the second quarter of 2020. Income from operations for the first half of 2021 was
First quarter 2021 net sales increased 8.3% versus the first quarter of 2020, with physical case volume up 4.8% (a) . Gross profit increased $43 .4 million, or 10.7%, in the first quarter of 2021 versus the first quarter of 2020. Gross margin improved 70 basis points to 35.3% primarily due to
Fourth quarter 2020 net sales increased 8.5% versus the fourth quarter of 2019, with physical case volume up 8.1% (a) . Fourth quarter and full year 2020 results include four additional selling days versus 2019 results. On a comparable (b) basis, net sales and physical case volume increased 3.5%
Third quarter 2020 net sales increased 4.5% versus the third quarter of 2019, with physical case volume up 3.9% for the quarter (a) . Gross profit increased $40 .2 million, or 9.3%, in the third quarter of 2020. Gross margin improved 160 basis points due to selling price increases and favorable
Second quarter 2020 net sales declined 3.6% versus the second quarter of 2019, with physical case volume up 0.6% for the quarter (a) . Gross profit decreased $6.5 million , or 1.5%, in the second quarter of 2020. Gross margin improved 80 basis points due to favorable commodity costs.
First quarter 2020 net sales grew 6.4% versus the first quarter of 2019, with physical case volume up 6.1% for the quarter (a) . Gross profit increased $16.0 million , or 4.1%, in the first quarter of 2020. Lower gross margins during the quarter reflect a substantial shift in the last three weeks
Fourth quarter 2019 net sales grew 3.7% versus the fourth quarter of 2018, with physical case volume up 1.2% for the quarter (a) . Gross margin increased 150 basis points in fourth quarter 2019 compared to the fourth quarter of 2018. On an adjusted (b) basis, gross margin increased 30 basis points
Third quarter 2019 net sales grew 5.6% versus the same period last year, with physical case volume up 4.6% for the quarter Gross margin declined 30 basis points in third quarter 2019 compared to third quarter 2018 driven primarily by continued product mix shift from Sparkling to Still beverages
Second quarter 2019 net sales grew 4.4% versus the same period last year, with physical case volume up 0.4% for the quarter Gross margin increased 100 basis points in second quarter 2019 compared to second quarter 2018 Second quarter 2019 income from operations was $67 .2 million, up $47 .5 million
First Quarter 2019 net sales grew 3.6% versus prior year. Gross margin expanded 170 basis points in Q1 2019 compared to prior year. Adjusted (a) gross margin increased 100 basis points from Q1 2018. Income from operations was $20 .2 million in Q1 2019, as compared to an operating loss of $19
Fourth Quarter 2018 Highlights Q4 2018 net sales grew 1.7% versus Q4 2017. Gross margin was flat in Q4 2018 compared to prior year. Adjusted (a) gross margin increased 70 basis points from Q4 2017. Income from operations was $12.8 million in Q4 2018, as compared to $0.5 million in Q4 2017.
Third Quarter 2018 Highlights Q3 net sales growth of 4.2%, including organic (a) net sales growth of 4.3%. Q3 sales volume decrease of 0.1%, including organic (a) volume decrease of 0.4%. Reported basic EPS of $2.69 in Q3 2018, as compared to $1.86 in Q3 2017.
Second Quarter 2018 Highlights • Q2 net sales growth of 5.0%, including organic (a) net sales growth of 2.6%. • Q2 sales volume growth of 1.8%, including organic (a) volume decrease of 0.6%. • Reported basic EPS of ($0.42) in Q2 2018, as compared to $0.68 in Q2 2017.
A PDF accompanying this announcement is available at: http://resource.globenewswire.com/Resource/Download/513770d9-915f-44c7-97d0-10497627ea82 First Quarter 2018 Highlights Q1 net sales growth of 23.8%, including organic (a) net sales growth of 2.4%.
CHARLOTTE, N.C. , Feb. 13, 2018 (GLOBE NEWSWIRE) -- Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) will issue a news release after the market closes on February 27, 2018 , to announce financial results for the fourth quarter and fiscal year ended December 31, 2017 . About Coca-Cola Bottling Co.
Net sales in the third quarter of 2017 increased 36.9% and comparable (a) net sales increased 1.4% compared to the third quarter of 2016 Equivalent unit case volume in the third quarter of 2017 increased 31.8% and comparable (a) equivalent unit case volume increased 1.0% compared to the third
Net sales in the second quarter of 2017 increased 39.1% and comparable (a) net sales increased 2.8% compared to the second quarter of 2016 Income from operations in the second quarter of 2017 decreased 13.6% and comparable (a) income from operations increased 7.1% compared to the second quarter of
