Quarterly ResultMay 6, 2026, 04:13 PM
Coca-Cola Consolidated Q1 Net Sales +16.9% to $1.85B; Adjusted Net Income -12.3%
AI Summary
Coca-Cola Consolidated reported strong first-quarter 2026 results, with net sales increasing 16.9% to $1.85 billion and income from operations rising 25.1% to $237.5 million. On an adjusted basis, excluding the impact of six additional days, net sales grew 8.5% and income from operations increased 2.2%. However, adjusted net income decreased 12.3% to $119.5 million, primarily due to higher input costs, particularly aluminum, which impacted gross margins. The company repaid $150 million of debt and expects $300 million in capital expenditures for fiscal year 2026.
Key Highlights
- Net sales increased 16.9% to $1.85 billion in Q1 2026.
- Adjusted net sales grew 8.5% in Q1 2026.
- Income from operations rose 25.1% to $237.5 million.
- Adjusted net income decreased 12.3% to $119.5 million.
- Reported volume increased 13.4%, with adjusted volume up 6.4%.
- Gross profit increased 15.9% to $727.1 million, but gross margin decreased 30 bps to 39.4%.
- Repaid $150.0 million of principal on a term loan.
- Expects capital expenditures of approximately $300 million for fiscal year 2026.