Coca-Cola Consolidated announced robust financial results for Q2 2024, with net sales increasing 3.3% to $1.8B and gross profit rising 6.7% to $716.7M. Gross margin improved by 130 basis points to 39.9%, driven by pricing actions and steady commodity prices.Income from operations grew 10.9% to $259.1M, with operating margin expanding 100 basis points to 14.4%. Net income surged to $172.8M, up from $122.3M in Q2 2023. The company's sparkling and still beverage sales increased by 4.4% and 4.2% respectively, despite a 1.2% decline in standard physical case volume.For the first half of 2024, net sales rose 2.3% to $3.4B, with income from operations up 7.9% to $474.5M. The company invested $159M in capital expenditures and expects full-year capex between $300M and $350M. Management highlighted strong execution of their commercial plan and the success of value-oriented packaging strategies.

Coca-Cola Consolidated announced robust financial results for Q2 2024, with net sales increasing 3.3% to $1.8B and gross profit rising 6.7% to $716.7M. Gross margin improved by 130 basis points to 39.9%, driven by pricing actions and steady commodity prices.Income from operations grew 10.9% to $259.1M, with operating margin expanding 100 basis points to 14.4%. Net income surged to $172.8M, up from $122.3M in Q2 2023. The company's sparkling and still beverage sales increased by 4.4% and 4.2% respectively, despite a 1.2% decline in standard physical case volume.For the first half of 2024, net sales rose 2.3% to $3.4B, with income from operations up 7.9% to $474.5M. The company invested $159M in capital expenditures and expects full-year capex between $300M and $350M. Management highlighted strong execution of their commercial plan and the success of value-oriented packaging strategies.