Group 1 - Coca-Cola Consolidated, Inc. announced the retirement of Executive Vice President and Chief Financial Officer Scott Anthony effective March 31, 2025, after serving in this role since 2018 [1] - Matthew J. Blickley will succeed Scott Anthony as Executive Vice President and Chief Financial Officer starting April 1, 2025, while continuing his role as Chief Accounting Officer [2] - The Chairman and CEO, J. Frank Harrison, III, expressed gratitude for Scott Anthony's contributions, highlighting his strategic leadership and the company's exceptional financial performance since 2019 [3] Group 2 - Matthew Blickley has been with Coca-Cola Consolidated since 2014 and has held various financial roles, including Corporate Controller, and is a certified public accountant [2] - The company emphasizes its commitment to succession planning and the depth of talent within its leadership team [3] - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia [5]

Core Points - Coca-Cola Consolidated, Inc. announced the retirement of CFO Scott Anthony effective March 31, 2025, after serving in the role since 2018 [1] - Matthew J. Blickley will succeed Scott Anthony as CFO starting April 1, 2025, while continuing as Chief Accounting Officer [2] - The leadership expressed gratitude for Scott Anthony's contributions and confidence in Matt Blickley's ability to lead the financial team [3] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia [5] - The company has been committed to its consumers, customers, and communities for over 122 years, focusing on a broad portfolio of beverages and services [5]

Core Viewpoint - The analysis focuses on the performance of Coca-Cola Consolidated, Inc. (COKE) over the past year, indicating a steady operational performance and a long-term investment perspective [1]. Group 1: Company Performance - Coca-Cola Consolidated, Inc. has been under review for over a year, prompting an evaluation of its operational performance during this period [1]. Group 2: Investment Strategy - The investment strategy discussed emphasizes a long-term horizon, typically ranging from 5 to 10 years, with a preference for a portfolio that includes a mix of growth, value, and dividend-paying stocks, although there is a stronger inclination towards value stocks [1].

Financial Performance - Net sales for the third quarter of 2024 increased by 3.1% to $1,765.7 million compared to the third quarter of 2023[3] - Gross profit for the third quarter of 2024 was $698.0 million, reflecting a 5.5% increase from $661.6 million in the same period last year[10] - Income from operations rose to $227.1 million in the third quarter of 2024, a 5.0% increase from $216.3 million in the third quarter of 2023[12] - Operating margin improved to 12.9% in the third quarter of 2024, up from 12.6% in the same quarter of 2023[2] - Net income for the third quarter of 2024 was $115.6 million, an increase of $23.5 million from $92.1 million in the third quarter of 2023[13] - Gross profit for the first nine months of 2024 was $2,055.3 million, a 4.9% increase compared to $1,957.2 million in the same period of 2023[31] - Income from operations for the first nine months of 2024 was $701.6 million, up from $656.0 million in 2023, reflecting a 6.2% increase[31] - Net income for the first nine months of 2024 was $454.2 million, compared to $332.5 million in 2023, representing a significant increase[32] - Basic net income per share for the first nine months of 2024 was $49.71, up from $35.47 in the same period of 2023[32] Sales and Volume - Sparkling beverage sales increased by 5.8% to $1,034.7 million in the third quarter of 2024 compared to $977.7 million in the third quarter of 2023[4] - Standard physical case volume decreased by 2.1% in the third quarter of 2024, with a comparable volume decrease of 0.9% for the first nine months of 2024[7] - The company experienced a decrease in comparable standard physical case volume of 1.3% in the first nine months of 2024 compared to the previous year[30] Cash Flow and Investments - Cash flows from operations for the first nine months of 2024 were $707.9 million, compared to $644.5 million for the same period in 2023[16] - The company invested $287 million in capital expenditures during the first nine months of 2024, with expectations of approximately $350 million for the full year[16] - The company issued $1,200,000 in bonds during the financing activities, contributing to the net cash provided by financing activities of $400,802[25] Assets and Liabilities - Total assets as of September 27, 2024, were $5,272,724, a substantial increase from $4,288,942 as of December 31, 2023, representing a growth of 23.0%[24] - Cash and cash equivalents increased to $1,236,006 from $635,269, showing a growth of 94.7%[24] - The company reported a total liabilities increase to $3,987,737 from $2,853,344, reflecting a rise of 39.7%[24] Adjusted Metrics - Adjusted net income per share for Q3 2023 was $18.81, compared to $17.50 in Q3 2022, indicating a year-over-year increase of 7.5%[26] - The adjusted net income for the first nine months of 2024 was $521.9 million, reflecting a 6.2% increase from $488.3 million in 2023[32] - Total SD&A expenses for the first nine months of 2024 were $1,353.3 million, slightly up from $1,299.0 million in 2023[32] - The company reported a fair value adjustment of acquisition-related contingent consideration of $90.9 million for the first nine months of 2024[31]

CHARLOTTE, N.C., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on October 30, 2024 to announce its operating results for the third quarter ended September 27, 2024 and the first nine months of fiscal 2024. Scott Anthony (Investors) Executive Vice President & Chief Financial Officer (704) 557-4633 Scott.Anthony@cokeconsolidated.com CONTACTS: Brian K. Little (Media) Vice President, Corporate Communications (980) 378-5537 Brian.L ...

Core Viewpoint - The individual investor adopts a contrarian investment style, focusing on stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insiders are buying shares at lower prices [1] Group 1: Investment Strategy - The investment portfolio is split approximately 50%-50% between shares and call options, indicating a balanced approach to risk and return [1] - The investor's timeframe for holding positions typically ranges from 3 to 24 months, suggesting a medium-term investment horizon [1] - Fundamental analysis is employed to assess the health of companies, including their leverage and financial ratios compared to sector and industry averages [1] Group 2: Stock Selection Criteria - The investor screens thousands of stocks, primarily in the US, looking for those that have undergone recent sell-offs [1] - A key criterion for stock selection is insider buying at lower prices following a sell-off, which may indicate confidence in the company's future [1] - Professional background checks are conducted on insiders who purchase shares post-sell-off to ensure credibility and alignment with shareholder interests [1] Group 3: Technical Analysis - Technical analysis is utilized to optimize entry and exit points for positions, with a focus on support and resistance levels on weekly charts [1] - Multicolor lines are used for visualizing support and resistance, along with trend lines to identify potential price movements [1]

Core Points - Coca-Cola Consolidated, Inc. has increased its quarterly dividend to $2.50 per share, up from $0.50 per share, effective November 8, 2024, for stockholders of record as of October 25, 2024 [1] - The Board of Directors has approved a $1.0 billion share repurchase program for the Company's Common Stock, with management having discretion over the timing and amount of repurchases [2] - The Chairman and CEO, J. Frank Harrison, III, stated that the company's improved profitability and strengthened balance sheet enable reinvestment in the business and support the increased dividend and share repurchase program, reflecting a commitment to return cash to stockholders [3] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia with a broad portfolio of beverages [4] - The company is headquartered in Charlotte, N.C., and is traded on The Nasdaq Global Select Market under the symbol "COKE" [5]

Exhibit 99.1 | --- | --- | --- | --- | --- | --- | --- | |------------------------------------|-----------------|------------------|--------|----------------|-------------|--------| | Beverage Sales \n(in millions) | Second \n2024 | Quarter \n2023 | Change | First \n2024 | Half \n2023 | Change | | Sparkling bottle/can | $1,048.9 | $1,004.4 | 4.4% | $1,996.4 | $1,918.7 | 4.0% | | Still bottle/can | $597.5 | $573.6 | 4.2% | $1,108.4 | $1,082.9 | 2.4% | News Release Coca-Cola Consolidated Reports Second Quarte ...

CHARLOTTE, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on July 31, 2024 to announce its operating results for the second quarter ended June 28, 2024 and the first half of fiscal year 2024. About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably. For over 122 yea ...

Core Points - Coca-Cola Consolidated, Inc. will release its operating results for Q2 and the first half of fiscal year 2024 on July 31, 2024, after market close [1] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia [2] - The company has been committed to its purpose for over 122 years, focusing on serving consumers, customers, and communities while pursuing excellence and profitable growth [2] - Coca-Cola Consolidated offers a broad portfolio of beverages and services, distributing products from The Coca-Cola Company and other partner companies across more than 300 brands and flavors [2][3]