Coca-Cola Consolidated reported Q3 2024 net sales of $1.77 billion, up 3.1% year-over-year, driven by higher pricing and sparkling beverage volume growth. Sparkling beverage sales increased 5.8% while Still beverage sales rose 1.7%. Gross profit improved 5.5% to $698 million, with gross margin expanding 90 basis points to 39.5%.Operating income grew 5% to $227.1 million despite a 5.8% increase in selling, delivery and administrative expenses. The rise in expenses was primarily attributed to higher labor costs from annual wage adjustments and increased incentive compensation. Net income surged 25.6% to $115.6 million compared to $92.1 million in Q3 2023.The company maintained strong liquidity with $1.24 billion in cash and cash equivalents as of September 27, 2024. During Q3, the company completed a $553.7 million share repurchase from The Coca-Cola Company subsidiary and announced a new $1 billion share repurchase program. The quarterly dividend was increased to $2.50 per share from $0.50, reflecting confidence in future performance.

Coca-Cola Consolidated reported Q3 2024 net sales of $1.77 billion, up 3.1% year-over-year, driven by higher pricing and sparkling beverage volume growth. Sparkling beverage sales increased 5.8% while Still beverage sales rose 1.7%. Gross profit improved 5.5% to $698 million, with gross margin expanding 90 basis points to 39.5%.Operating income grew 5% to $227.1 million despite a 5.8% increase in selling, delivery and administrative expenses. The rise in expenses was primarily attributed to higher labor costs from annual wage adjustments and increased incentive compensation. Net income surged 25.6% to $115.6 million compared to $92.1 million in Q3 2023.The company maintained strong liquidity with $1.24 billion in cash and cash equivalents as of September 27, 2024. During Q3, the company completed a $553.7 million share repurchase from The Coca-Cola Company subsidiary and announced a new $1 billion share repurchase program. The quarterly dividend was increased to $2.50 per share from $0.50, reflecting confidence in future performance.