You won't believe the amount of money that the bottler intends to return to shareholders.Shares of Coca-Cola Consolidated (COKE 16.18%) -- the largest bottler of products from The Coca-Cola Company as well as a bottler of other beverages -- skyrocketed over $1,000 this morning after the company reported financial results for the first quarter of 2024 and announced a massive plan to repurchase shares. As of 10:20 a.m. ET on Monday, Coca-Cola Consolidated stock was up almost 16%.A massive share repurchase pla ...

News Release ■ Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023. ■ The Company intends to purchase up to $3.1 billion of its Common Stock through both a modified "Dutch auction" tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement with The Coca‑Cola Company. | --- | --- | --- | --- | |------------------------------------------------------|------------------------|----------|--------| | (in ...

Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023.Operating margin for the first quarter of 2024 was 13.5% as compared to 13.1% for the first quarter of 2023, an increase of 40 basis points.The Company intends to purchase up to $3.1 billion of its Common Stock through both a modified "Dutch auction" tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement with The Coca‑Cola Company. Key Results ...

CHARLOTTE, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on May 6, 2024 to announce its operating results for the first quarter ended March 29, 2024. CONTACTS: Ashley Brown (Media)Scott Anthony (Investors)Director, External CommunicationsExecutive Vice President & Chief Financial Officer(803) 979-2849(704) 557-4633Ashley.Brown@cokeconsolidated.comScott.Anthony@cokeconsolidated.com About Coca-Cola Consolidated, Inc. Coca- ...

On March 19, Chipotle Mexican Grill (NYSE:CMG) announced the first stock split in its history. When it comes to high-priced stocks, they don’t get much higher than Chipotle. It trades a few dollars shy of $3,000, making it one of the most obvious stock-split candidates.  The restaurant chain opted for a 50-to-1 split of its stock. Shareholders will vote on the stock split at its annual meeting on June 6. If approved, shareholders will receive 49 new shares for every share held. “This is the first stock spli ...

CHARLOTTE, N.C., April 12, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced that the Board of Directors has declared a dividend for the second quarter of 2024 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on May 10, 2024 to shareholders of record as of the close of business on April 26, 2024. CONTACTS: Ashley Brown (Media)Scott Anthony (Investors)Director, External CommunicationsExecutive Vice President & Chief Financial Officer(803) ...

Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction Sometimes the best investments are the ones that don’t need a lot of attention. I last discussed Coca-Cola Consolidated (NASDAQ:COKE) in February 2022 and rated it a ‘strong buy’. The share price has performed really well in the past two years as the stock is up by in excess of 90% compared to a total performance of the S&P 500 of less than 20%. Seeking AlphaAs I am looking to cash up my portfolio, I wanted to check if I need ...

Exhibit 99.1 ■ Gross profit in the fourth quarter of 2023 was $641 million, an increase of 7% versus the fourth quarter (a) of 2022. Gross margin in the fourth quarter of 2023 improved by 120 basis points to 39.3%. | --- | --- | --- | --- | --- | --- | --- | |------------------------------------|---------------|------------------|--------|----------|----------------------|--------| | Beverage Sales \n(in millions) | Fourth \n2023 | Quarter \n2022 | Change | 2023 | Fiscal Year \n2022 | Change | | Sparkling b ...

Introduction Coca‑Cola Consolidated, Inc., a Delaware corporation (together with its majority-owned subsidiaries, "Coca‑Cola Consolidated," the "Company," "we," "us" or "our"), distributes, markets and manufactures nonalcoholic beverages in territories spanning 14 states and the District of Columbia. The Company was incorporated in 1980 and, together with its predecessors, has been in the nonalcoholic beverage manufacturing and distribution business since 1902. We are the largest Coca‑Cola bottler in the Un ...

CHARLOTTE, N.C., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on February 21, 2024 to announce its operating results for the fourth quarter and fiscal year ended December 31, 2023. CONTACTS: Josh Gelinas (Media)Scott Anthony (Investors)Vice President, CommunicationsExecutive Vice President & Chief Financial Officer(704) 807-3703(704) 557-4633Josh.Gelinas@cokeconsolidated.com Scott.Anthony@cokeconsolidated.com   About Coca-Cola ...