NASDAQ$COKE
Coca-Cola Consolidated Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Net sales declined, but physical case volume increased. Gross margin improved due to favorable commodity costs, and income from operations increased.
Coca-Cola Consolidated reported mixed results for Q2 2020. While net sales decreased by 3.6%, physical case volume saw a slight increase of 0.6%. Gross profit decreased slightly, but gross margin improved due to favorable commodity costs. Income from operations showed a significant increase of 23.7%.
- Net sales decreased by 3.6% compared to Q2 2019, while physical case volume increased by 0.6%.
- Gross profit decreased by 1.5%, but gross margin improved by 80 basis points.
- Income from operations increased by 23.7% compared to Q2 2019.
- Sparkling beverage volume increased 3.7%, while still beverage volume declined 6.6%.
Headline financials
Revenue & EPS history
Coca-Cola Consolidated · Revenue · Quarterly
$1.23B
Revenue by segment
Coca-Cola Consolidated · $1.09B total across 2 segments · Q2 2020
- Sparkling bottle/can$694M+4.4%63.6%
- Still bottle/can$397M-4.7%36.4%
Forward guidance
The company expects that actions taken along with steady consumer demand will enable them to deliver solid full year operating results, but remains mindful of the rapidly changing environment.
Tailwinds
- Strong actions already taken.
- Continued steady consumer demand.
- Expected solid full year operating results.
Headwinds
- Rapidly changing environment.
- COVID-19 related impacts on the business.
- Volatility in revenue and physical case sales.
- Decline in still beverage volume.
- Decline in fountain syrup revenue.
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 Q2 2020
+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
| Quarter | Report date | Reaction (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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