Coca-Cola Consolidated Q1 net sales rise on higher volume, pricing actions
Overview
US beverage bottler's Q1 net sales rose 17%, adjusted net sales up 9% yr/yr
Gross margin declined due to higher aluminum costs despite gross profit rising 16%
Income from operations climbed 25%, but adjusted operating income rose just 2%
Outlook
Company expects fiscal 2026 capital expenditures to be about $300 mln
Company says fourth quarter 2026 will include six fewer days than fourth quarter 2025
Coca-Cola Consolidated says it is navigating cost pressures and market volatility
Result Drivers
VOLUME AND PRICING - Net sales growth was primarily driven by higher volume and annual pricing actions, as well as the timing of the Easter holiday
ALUMINUM COST PRESSURE - Gross margin declined mainly due to increased aluminum costs from geopolitical conflicts, supply constraints and higher import tariffs
CATEGORY MIX IMPACT - Still category price/mix was negatively affected by increased Dasani water volume and slowing Protein segment due to supply constraints
Company press release: ID:nGNX3PLrCv
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales |
| $1.85 bln |
|
Q1 Net Income |
| $111.56 mln |
|
Q1 Gross Margin |
| 39.40% |
|
Q1 Gross Profit |
| $727.10 mln |
|
Q1 Income from Operations |
| $237.50 mln |
|
Q1 Operating Margin |
| 12.90% |
|
Q1 Pretax Profit |
| $151.22 mln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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