NASDAQ$COKE
Coca-Cola Consolidated Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Coca-Cola Consolidated reported a net sales increase of 4% and gross profit increase of 7% compared to Q4 2022.
Coca-Cola Consolidated reported Q4 2023 results, with net sales increasing by 4% to $1.63 billion and gross profit increasing by 7% to $641.5 million. Gross margin improved by 120 basis points to 39.3%. Income from operations increased by 3% to $178.5 million.
- Net sales increased 4% versus the fourth quarter of 2022.
- Gross profit increased 7% versus the fourth quarter of 2022.
- Gross margin improved to 39.3%, an increase of 120 basis points.
- Income from operations increased 3% compared to the fourth quarter of 2022.
Headline financials
Revenue & EPS history
Coca-Cola Consolidated · Revenue · Quarterly
$1.63B
Revenue by segment
Coca-Cola Consolidated · $1.55B total across 2 segments · Q3 2023
- Sparkling bottle/can$978M+6.6%62.9%
- Still bottle/can$576M+5.1%37.1%
Forward guidance
While we anticipate a challenging operating environment in 2024, we have a high level of confidence in our commercial and operating plans which we expect will generate balanced revenue growth while maintaining our improved margin structure.
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 Q4 2023
+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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