Coca-Cola Consolidated, Inc.
- Open
- 195.90
- Day high
- 199.15
- Day low
- 194.00
- Prev close
- 195.26
- Volume
- 56K
- Mkt cap
- $13.1B
- P/E (TTM)
- 24.4
- EPS (TTM)
- $8.06
- P/B
- -26.2
- P/S
- 1.7
- Yield
- 0.51%
- Per share
- $1.00
Coca-Cola Consolidated, Inc. (COKE) is a Consumer Defensive company listed on NASDAQ. The stock is up 68% over the past year. Drillr has 1 published research article covering COKE.
Coca-Cola Consolidated, Inc. (COKE) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
COKE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | — | $2.83 | — | $2.1B | — |
| May 6, 2026 | — | $1.79 | — | $1.8B | — |
| Feb 18, 2026 | — | $2.11 | — | $1.9B | — |
| Oct 29, 2025 | — | $2.06 | — | $1.9B | — |
| Jul 24, 2025 | — | $2.24 | — | $1.9B | — |
| Apr 30, 2025 | — | $1.56 | — | $1.6B | — |
| Feb 20, 2025 | — | $13.39 | — | $1.7B | — |
| Oct 30, 2024 | — | $18.81 | — | $1.8B | — |
| Jul 31, 2024 | — | $20.71 | — | $1.8B | — |
| Feb 21, 2024 | — | $13.39 | — | $1.6B | +1.8% |
| Nov 1, 2023 | — | $17.53 | — | $1.7B | +7.3% |
| Aug 2, 2023 | — | $18.43 | — | $1.7B | +9.0% |
COKE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Nov 10, 2025 | COCA COLA CO10 percent owner | Sell | 18,835,460 | $127.00 |
| Sep 11, 2025 | Everett Morgan Harrisondirector, officer: Vice Chair | Sell | 4 | $817.57 |
| Jul 5, 2024 | COCA COLA CO10 percent owner | Sell | 598,619 | $925.00 |
| May 17, 2024 | Everett Morgan Harrisondirector, officer: Vice Chair | Buy | 2 | $856.00 |
| May 10, 2019 | Murrey John W IIIdirector | Sell | 500 | $378.45 |
| Mar 7, 2019 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Grant | 34,700 | — |
| Mar 7, 2019 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Tax | 15,476 | — |
| Mar 8, 2018 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Grant | 36,800 | — |
| Mar 8, 2018 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Tax | 16,504 | — |
| Mar 9, 2017 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Grant | 40,000 | — |
| Mar 9, 2017 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Tax | 18,980 | — |
| Mar 10, 2016 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Grant | 40,000 | — |
| Mar 10, 2016 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Tax | 19,080 | — |
| Mar 5, 2015 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Grant | 40,000 | — |
| Mar 5, 2015 | HARRISON J FRANK IIIdirector, 10 percent owner, officer: Chairman and CEO | Tax | 19,080 | — |
Source: COKE SEC Form 4 filings, latest Nov 10, 2025. For informational purposes only — not investment advice.
See the full COKE insider & 13F page →Coca-Cola Consolidated, Inc. company profile
Overview
Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is the largest independent Coca-Cola bottler in the United States, founded in 1980 and headquartered in Charlotte, North Carolina. The company was formerly known as Coca-Cola Bottling Co. Consolidated before changing its name in January 2019. As a regional bottling franchise partner of The Coca-Cola Company, Coca-Cola Consolidated operates under a licensing agreement to manufacture, market, and distribute Coca-Cola branded beverages across multiple southeastern and midwestern states. The company has grown through strategic acquisitions and organic expansion to become a significant player in the non-alcoholic beverage distribution industry.
Business
Coca-Cola Consolidated operates in the non-alcoholic beverage bottling and distribution industry, serving as an independent bottler and distributor for The Coca-Cola Company's products. The beverage bottling industry operates on a franchise system where The Coca-Cola Company grants territorial rights to independent bottlers who then manufacture, package, market, and distribute Coca-Cola products within their designated geographic areas. The company's core business revolves around two main product categories. Sparkling beverages represent the traditional carbonated soft drinks including Coca-Cola Classic, Diet Coke, Coke Zero Sugar, Sprite, and Fanta. These products are manufactured by combining concentrated syrup from The Coca-Cola Company with carbonated water, then packaging them in various formats including cans, bottles, and fountain dispensers. Still beverages comprise the non-carbonated portfolio including bottled water brands like Dasani and Smartwater, ready-to-drink coffee and tea products such as Gold Peak Tea, enhanced water products like Powerade sports drinks, and juice products including Simply Orange and Minute Maid. The company also distributes energy drinks and other specialty beverages. Beyond Coca-Cola products, the company serves as a distributor for other major beverage brands including Dr Pepper products and Monster Energy drinks, leveraging its extensive distribution network to provide a comprehensive beverage portfolio to retailers. The company also operates a post-mix business, providing fountain syrup concentrates and dispensing equipment to restaurants, convenience stores, and other foodservice establishments. This segment involves delivering syrup concentrates that are mixed with carbonated or still water at the point of sale, enabling retailers to serve fresh beverages directly to consumers.
Revenue model
Coca-Cola Consolidated generates revenue through product sales to retailers and foodservice establishments. The company purchases concentrated syrups and finished products from The Coca-Cola Company and other beverage manufacturers, then sells the finished beverages to customers at marked-up prices. Revenue comes from direct sales to grocery stores, mass merchandise retailers, club stores, convenience stores, drug stores, restaurants, schools, amusement parks, and vending machine operators. The business model operates on volume-based margins, where profitability depends on efficiently managing the cost of goods sold (primarily syrup concentrates and packaging materials) against selling prices, while optimizing distribution and operational efficiency. The company benefits from economies of scale in manufacturing, warehousing, and distribution across its territory. Several factors influence the company's margins positively or negatively. Commodity price fluctuations in aluminum, plastic, and sugar directly impact packaging and ingredient costs. Fuel price volatility affects distribution expenses given the company's extensive delivery network. Consumer demand trends toward healthier beverages and away from traditional sodas can pressure volumes of higher-margin carbonated products. Retail consolidation increases buyer power and can compress margins through pricing pressure. Conversely, successful new product launches and premium product mix shifts can enhance margins, while operational efficiency improvements in manufacturing and distribution reduce per-unit costs. Seasonal demand patterns also affect profitability, with stronger performance typically in warmer months when beverage consumption peaks.
Competitive moat
Coca-Cola Consolidated possesses a moderate economic moat derived primarily from its exclusive territorial franchise rights and established distribution infrastructure. The company's strongest competitive advantage lies in its exclusive bottling and distribution rights for Coca-Cola products within its designated geographic territories, creating a localized monopoly for these popular brands. This franchise system provides protection from direct competition in Coca-Cola product distribution within its markets. The company's extensive distribution network and relationships with retailers represent another defensive element, as establishing similar route-to-market capabilities requires significant capital investment and time. The logistics infrastructure, including manufacturing facilities, warehouses, and delivery fleets, creates barriers to entry for potential competitors seeking to serve the same customer base. However, the moat faces several vulnerabilities. The company is heavily dependent on The Coca-Cola Company for its primary products and operates under franchise agreements that could theoretically be terminated or modified. Changing consumer preferences toward healthier beverages, private label products, and direct-to-consumer delivery models pose ongoing threats. Large retail customers possess significant bargaining power and can pressure margins. Additionally, alternative beverage companies and new distribution models, including e-commerce and direct delivery services, continue to evolve and could potentially bypass traditional bottler distribution channels. The moat is therefore solid but not impregnable, requiring continuous adaptation to maintain competitive positioning.
Risks & safety
Coca-Cola Consolidated demonstrates a strong margin of safety with robust financial metrics and conservative capital structure. • Cash position: $1.15 billion in cash and short-term investments as of Q1 2025, providing substantial liquidity buffer • Debt management: Debt-to-equity ratio of 1.27x, manageable given strong cash generation • Cash generation: Strong free cash flow of $505 million in FY 2024, indicating healthy cash conversion • Current ratio: 2.03x indicating solid short-term liquidity coverage • Solvency risk: Minimal given strong balance sheet and consistent profitability • Valuation metrics: - P/E ratio of 2.80x (extremely low, suggesting potential value) - EV/EBITDA of 2.52x (very attractive multiple) - Price-to-book ratio of 0.77x (trading below book value) - Return on equity of 44.7% in FY 2024 (exceptionally high) • Other considerations: Consistent profitability, strong market position in franchise territories, and defensive consumer staples characteristics provide additional safety elements.
Recent development
Based on the available financial data, Coca-Cola Consolidated has demonstrated consistent operational execution and financial performance over recent years. The company has maintained steady revenue growth, with annual revenues increasing from $6.2 billion in 2022 to $6.9 billion in 2024, reflecting successful market execution and potential territory expansion or acquisition activity. The company has significantly strengthened its balance sheet, with cash and short-term investments growing dramatically from $198 million in 2022 to over $1.1 billion by 2024. This substantial cash accumulation suggests either preparation for strategic acquisitions, debt reduction, or shareholder return programs. The improvement in financial flexibility provides the company with options to pursue growth opportunities or weather economic uncertainties. Profitability metrics have shown strong performance, with return on equity reaching exceptional levels of 44.7% in 2024, up from 38.6% in 2022. This improvement indicates effective capital allocation and operational efficiency gains. The company has maintained robust free cash flow generation, producing over $500 million annually, demonstrating the cash-generative nature of its franchise business model. The operational efficiency improvements are evident in the company's margin expansion and EBITDA growth, suggesting successful cost management initiatives and potentially beneficial product mix shifts. The company appears to be effectively navigating industry challenges while capitalizing on its territorial franchise advantages.
COKE company profile · for informational purposes only — not investment advice.
Track COKE with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free