Charlotte, NC-based bottling giant Coca-Cola Consolidated Inc. (Nasdaq: COKE) reported stronge operating results for the third quarter and first nine months, ended Oct. 1, 2021.
“Our results through the first nine months of 2021 reflect a strong balance of volume growth, price realization and prudent operating expense management," said chairman and chief executive J. Frank Harrison III. "Our 60% growth in income from operations is even more remarkable when considering the pandemic-related challenges and supply chain disruptions across many industries."
Coca-Cola Consolidated Inc. highlights
- Third quarter of 2021 net sales increased 10%, versus the third quarter of 2020.
- Third quarter of 2021 gross profit was $518 million, up $45 million, or 10%, compared with the third quarter of 2020.
- Income from operations for the first nine months of 2021 was $352 million, up $132 million, or 60%, versus the first nine months of 2020.
