Coca-Cola Consolidated reported Q2 2024 net sales of $1.80 billion, up 3.3% year-over-year, driven by higher pricing. Net income surged 41% to $172.8 million, while adjusted net income rose 11.8% to $192.8 million. Gross margin improved 130 basis points to 39.9% due to pricing actions and steady commodity costs.The company's bottle/can sales volume declined 1.2% in Q2, with sparkling beverages remaining relatively flat and still beverages down 3.5%. Management noted strong performance in multi-serve can packages sold in larger retail stores, as well as growth in key brands like Monster, POWERade, and vitaminwater.Coca-Cola Consolidated completed a $13.3 million share repurchase via tender offer and announced plans to buy back $553.7 million in shares from The Coca-Cola Company. The company also issued $1.2 billion in senior bonds to finance these repurchases, demonstrating its commitment to optimizing capital structure and returning value to shareholders.

Coca-Cola Consolidated reported Q2 2024 net sales of $1.80 billion, up 3.3% year-over-year, driven by higher pricing. Net income surged 41% to $172.8 million, while adjusted net income rose 11.8% to $192.8 million. Gross margin improved 130 basis points to 39.9% due to pricing actions and steady commodity costs.The company's bottle/can sales volume declined 1.2% in Q2, with sparkling beverages remaining relatively flat and still beverages down 3.5%. Management noted strong performance in multi-serve can packages sold in larger retail stores, as well as growth in key brands like Monster, POWERade, and vitaminwater.Coca-Cola Consolidated completed a $13.3 million share repurchase via tender offer and announced plans to buy back $553.7 million in shares from The Coca-Cola Company. The company also issued $1.2 billion in senior bonds to finance these repurchases, demonstrating its commitment to optimizing capital structure and returning value to shareholders.