Coca-Cola Consolidated Q4 and FY2020 sales climb

March 2, 2021

Charlotte, NC-based Coca-Cola Consolidated Inc. (Nasdaq: COKE) on Feb. 26 reported operating results for the fourth quarter and the fiscal year, ended Dec. 31

“We made decisions early in the pandemic to adjust our operating model and reduce expenses as we navigated an unpredictable business environment," said J. Frank Harrison, III, chairman and chief executive. "These adjustments, coupled with strong consumer demand for our products, enabled us to deliver incredibly strong operating results and make strategic investments back into our business.”


» Fourth quarter 2020 net sales increased 8.5% versus the fourth quarter of 2019, with physical case volume up 8.1%(a). Fourth quarter and full year 2020 results include four additional selling days versus 2019 results. On a comparable(b) basis, net sales and physical case volume increased 3.5% and 2.6%, respectively.

» Fourth quarter 2020 income from operations was $93.6 million, up $54.1 million versus the fourth quarter of 2019. On an adjusted(b) basis, income from operations increased $45.6 million versus the fourth quarter of 2019.

» Full year 2020 income from operations totaled $313.4 million, up $132.6 million, or 73.4%, versus full year 2019. On an adjusted(b) basis, income from operations grew 57.4% to $307.6 million, driven by strong commercial performance and favorable operating expenses.

Click here to see Coke Consolidated's full press release.


Coca Cola Consolidated Fourth Quarter 2018 Versus 2017

Coca-Cola Consolidated, Inc. Reports Fourth Quarter 2018 and Fiscal 2018 Results

Feb. 28, 2019
February 26, 2019 16:10 ETFourth Quarter 2018 HighlightsQ4 2018 net sales grew 1.7% versus Q4 2017.Gross margin was flat in Q4 2018 compared to prior year. Adjusted(a) gross margin...