Glonghui, May 7 | Coca Cola Bottling (COKE.US) surged more than 19% at the beginning of the session, reaching a high of 1024.758 US dollars, a record high; now the increase has narrowed to 15.6%. Coca Cola bottling's net sales for the first quarter of 2024 increased 1.3% year-on-year to US$1.59 billion, mainly driven by price increases; gross profit of US$640 million, up 16.5 million dollars or 3% from the same period last year; gross margin increased by 50 basis points to 40.2%. The pricing actions taken during the period, stable commodity prices and higher sparkling wine sales contributed to the overall increase in gross margin. Chairman and CEO J. Frank Harrison, III said that continued strong performance gave us confidence to announce plans to repurchase up to $3.1 billion of issued common stock.
美股异动｜可口可乐装瓶一度大涨超19%创新高 Q1业绩稳健 宣布高达31亿美元回购计划
Changes in US stocks | Coca Cola bottling once surged more than 19% to a record high, Q1 performance was steady, and it announced a repurchase plan of up to US$3.1 billion
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