| Metric | Value ($ M) | Q2 FY25 |
|---|---|---|
| Revenue | 1.8K | 0.5% |
| Total Income | 1.8K | 0.5% |
| Expenditure | 1.6K | 1.6% |
| PBT | 151.22 | 40.2% |
| Net Profit | 111.56 | 40.5% |
| OPM | 12.86% | 1.80pp |
| NPM | 6.04% | 4.06pp |
| EPS | — |
Coca-Cola Consolidated Reports Q2 2026 Results
06 Aug 2026 · 6 Aug, 1:52 am
Summary
Coca-Cola Consolidated reported a strong second quarter of 2026 with net sales up 10.6% to $2.1 billion, driven by a 7.6% volume increase and annual pricing actions. While gross profit rose 4.8% to $778.4 million, income from operations was flat year-over-year at $271.3 million due to increased selling, delivery, and administrative expenses. Net income declined 15.2% to $158.8 million, impacted by higher input costs and non-cash fair value adjustments. For the first half of 2026, net sales grew 13.5% and income from operations increased 10.2%. Management highlighted strong operational execution and focus on balance sheet strength, including $275 million in debt repayment.
Key Highlights
- 1
Coca-Cola Consolidated reported a 10.6% increase in net sales to $2,052.4 million for the second quarter of 2026 compared to the second quarter of 2025.
- 2
Gross profit for the second quarter of 2026 was $778.4 million, an increase of 4.8% over the prior year's second quarter.
- 3
Income from operations for the second quarter of 2026 was $271.3 million, a slight decrease of 0.3% compared to $272.1 million in the second quarter of 2025.
- 4
For the first half of 2026, net sales increased by 13.5% to $3,899.1 million compared to the first half of 2025.
- 5
First half 2026 income from operations increased by 10.2% to $508.9 million compared to the first half of 2025.
- 6
Net income for the second quarter of 2026 was $158.8 million, a decrease of 15.2% from $187.4 million in the second quarter of 2025.
- 7
The company paid down $275 million of debt in the first half of the year.
Management Comments
J. Frank Harrison
III
We delivered a very strong second quarter, with volume growth of 7.6% and revenue growth of 10.6%, as enthusiasm around America250™ and the FIFA World Cup helped drive robust demand across our portfolio. While driving strong operating results, we remained focused on improving the strength of our balance sheet, paying down $275 million of our debt in the first half of the year. I could not be more proud of our team for their steady focus on excellence every day, which is evident in the continued strength of our business results.
Dave Katz
Solid operational execution drove strong second quarter results, despite continued macroeconomic uncertainty and higher input costs that continued to pressure gross margins. Our fifth consecutive quarter of market share growth was led by our Sparkling, particularly zero-sugar and flavors, and Sports Drink categories. As we look to the back half of the year, we remain focused on delivering affordability to consumers while driving strong marketplace execution to continue the commercial momentum we have built. We will also cycle our incremental investment in front-line teammates from last year, which we expect will moderate operating expenses growth for the remainder of the year. I remain confident in our team that we will carry this momentum throughout the balance of the year and deliver a strong 2026.
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