Coca-Cola Consolidated(COKE) - 2023 Q4 - Annual Results

Exhibit 99.1 News Release Coca-Cola Consolidated Reports Fourth Quarter and Fiscal Year 2023 Results ■ Fourth quarter of 2023 net sales increased 4% versus the fourth quarter of 2022. ■ 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%. ■ Income from operations for fiscal year 2023 was $834 million, up $193 million, or 30%, versus fiscal year 2022. Operating ma ...