NASDAQ$COKE

Coca-Cola Consolidated Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Coca-Cola Consolidated's Q1 2022 net sales increased by 11% and gross profit increased by 13% compared to Q1 2021.

Coca-Cola Consolidated reported strong Q1 2022 results, with net sales increasing by 11% and gross profit increasing by 13%. The company's performance was driven by pricing actions and solid demand for its brands.

  • Net sales increased 11% versus the first quarter of 2021.
  • Gross profit increased 13% versus the first quarter of 2021.
  • Gross margin increased 80 basis points to 36.1%.
  • Income from operations increased $37 million, or 39%, versus the first quarter of 2021.

Headline financials

Total Revenue

$1.4B

Previous: $1.27B+10.6%
EPS (adj)

$8.42

Previous: $6.54+28.7%
Gross margin

36.1%

Previous: 35.3%+2.3%
Capital Expenditures

-$104M

Previous: -$37.2M-180.5%
Free Cash Flow

-$11M

Previous: $16.2M-167.8%
Net Income

$93.4M

Previous: $53.4M+75.0%
Operating Income

$131M

Previous: $94.2M+39.1%
Gross Profit

$508M

Previous: $449M+13.1%
Cash & Equivalents

$127M

Previous: $51.8M+145.2%
Total Assets

$3.43B

Previous: $3.28B+4.3%

Revenue & EPS history

Coca-Cola Consolidated · Revenue · Quarterly

$1.4B

Q1 2022+10.6%vs Q1 2021
Beat estimate in 3 of 5 quarters(60%)
ActualEstimate

Revenue by segment

Coca-Cola Consolidated · $1.24B total across 2 segments · Q1 2022

  • Sparkling bottle/can
    $776M+11.7%
  • Still bottle/can
    $468M+11.4%

Forward guidance

As we approach the key Summer selling season, we are confident in our ability to respond to the current high commodity cost environment with effective pricing strategies.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+7.6%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+18.3%

Q1 2024

Best reaction

-22.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%-18.2%-14.6%
Q4 2025+3.8%+14.6%+18.3%
Q3 2025+3.4%+4.4%+27.3%
Q1 2025-12.0%-13.4%-15.4%
Q4 2024-4.1%-5.0%-9.8%
Q3 2024-7.1%-5.5%+7.8%
Q2 2024+8.8%+6.6%+17.7%
Q1 2024+18.3%+11.6%+17.0%
Q4 2023-2.7%+1.4%+4.5%
Q3 2023+1.1%+4.4%+14.2%
Q2 2023+11.8%+12.6%+5.6%
Q1 2023+10.8%+9.8%+16.6%
Q4 2022+10.0%+11.6%+1.2%
Q3 2022-6.0%+1.0%+2.8%
Q2 2022-2.6%-4.1%-8.9%
Q1 2022+10.5%+7.8%+34.2%
Q4 2021-22.3%-15.0%-16.7%
Q3 2021+12.5%+19.7%+26.3%
Q2 2021+3.1%+5.6%+1.5%
Q1 2021+6.8%+13.8%+50.2%
Q4 2020-2.4%-3.2%+13.0%
Q3 2020+2.6%+4.9%+15.6%
Q2 2020+17.6%+15.0%+21.0%
Q1 2020+3.0%+3.5%+4.1%
Q4 2019-20.8%-26.0%-17.1%
Q3 2019+1.8%+3.8%+4.5%
Q2 2019+15.9%+19.1%+9.1%
Q1 2019+5.7%+14.0%-8.3%
Q4 2018+4.7%+13.4%+29.8%
Q3 2018+1.4%+5.5%+21.3%
Q2 2018+9.4%+9.3%+17.7%
Q1 2018-19.5%-20.8%-21.7%
Q4 2017+0.5%+3.0%-7.0%
Q3 2017-8.0%-12.7%+0.4%
Q2 2017-14.7%-13.9%-12.4%
Q1 2017-0.2%-2.5%+11.6%
Q4 2016-0.9%-1.9%+14.1%
Q3 2016+12.4%+19.3%+15.3%
Q2 2016+8.4%+10.6%+7.1%
Q1 2016-11.8%
Q4 2015+0.0%
Q3 2015-16.0%
Q2 2015+3.5%
Q1 2015+0.8%
Q4 2014-4.7%
Q3 2014-0.7%
Q2 2014+1.6%
Q1 2014-4.8%
Q4 2013+2.1%
Q3 2013-0.5%
Q2 2013-2.6%
Q1 2013+0.9%
Q4 2012-3.2%
Q3 2012-0.2%
Q2 2012-0.8%
Q1 2012-0.7%
Q3 2011+1.1%
Q2 2011-1.1%
Q1 2011-0.1%
Q4 2010+4.4%
Q3 2010+3.0%
Q2 2010+1.1%
Q1 2010-6.0%
Q4 2009+0.4%

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