Coca-Cola Consolidated reported strong Q3 2024 results, with net sales up 3.1% to $1.8B and income from operations rising 5% to $227.1M. Gross profit increased 5.5% to $698M, with gross margin improving 90 basis points to 39.5%.Sparkling beverage sales grew 5.8%, offsetting a 9.7% decline in Still category volume. The company attributed the solid performance to strong commercial execution, pricing actions, and a shift towards higher-margin Sparkling beverages. Operating margin expanded to 12.9% from 12.6% in Q3 2023.For the first nine months of 2024, net sales rose 2.6% to $5.2B, while income from operations increased 7% to $701.6M. The company continued to invest in its supply chain, including the $56M purchase of its Nashville production facility. Capital expenditures for 2024 are expected to total approximately $350M.

Coca-Cola Consolidated reported strong Q3 2024 results, with net sales up 3.1% to $1.8B and income from operations rising 5% to $227.1M. Gross profit increased 5.5% to $698M, with gross margin improving 90 basis points to 39.5%.Sparkling beverage sales grew 5.8%, offsetting a 9.7% decline in Still category volume. The company attributed the solid performance to strong commercial execution, pricing actions, and a shift towards higher-margin Sparkling beverages. Operating margin expanded to 12.9% from 12.6% in Q3 2023.For the first nine months of 2024, net sales rose 2.6% to $5.2B, while income from operations increased 7% to $701.6M. The company continued to invest in its supply chain, including the $56M purchase of its Nashville production facility. Capital expenditures for 2024 are expected to total approximately $350M.