Quarterly ResultAug 5, 2026, 04:23 PM
Coca-Cola Consolidated Q2 Net Sales +10.6% to $2.05B; Basic EPS $2.39
AI Summary
Coca-Cola Consolidated reported strong second quarter 2026 results with net sales increasing 10.6% to $2.05 billion and volume growing 7.6%. Despite a 15.2% decrease in GAAP net income to $158.8 million, basic net income per common share increased to $2.39, primarily due to a significant reduction in outstanding shares. The company's gross margin declined due to elevated aluminum costs, but adjusted income from operations saw a 6% increase. Management highlighted robust demand and strong operational execution, alongside $275 million in debt repayment during the first half of the year.
Key Highlights
- Q2 2026 net sales increased 10.6% to $2.05 billion.
- Q2 2026 basic net income per common share rose to $2.39 from $2.15.
- Q2 2026 net income decreased 15.2% to $158.8 million.
- Q2 2026 volume grew 7.6%, driven by Sparkling and Still categories.
- Q2 2026 gross margin declined 210 basis points to 37.9% due to higher aluminum costs.
- First half 2026 debt repayments totaled $275 million.
- First half 2026 cash flows from operations were $420.6 million.
- Weighted average common shares outstanding significantly reduced to 56.5M from 77.0M.
Price Impact
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