COKE earnings analysis
What we found in COKE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Coca-Cola Consolidated reported strong performance in Q1 2026 with revenues of $1.85 billion, surpassing prior period estimates. EPS increased to $1.79, though gross margin was impacted by rising input costs. Management noted significant volume growth in both sparkling and still beverage categories, alongside challenges from higher aluminum prices.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Exceeds Estimates
- Net sales increased 16.9% to $1.85 billion, surpassing estimates by $266.7 million.
- Positive EPS Performance
- Reported EPS rose to $1.79, beating estimates by $0.03.
- Strong Volume Growth
- Volume increased by 13.4%, with sparkling beverages up 12.2% and still beverages up 17.5%.
- Significant Operating Income Rise
- Income from operations rose 25.1% to $237.5 million, enhancing operational efficiency.
- Improved Net Income
- Net income increased 7.7% to $111.6 million compared to the prior year.
- Investment in Facilities
- Coca-Cola Consolidated announced a $35 million investment in its Indianapolis facility.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Input Costs
- Aluminum cost increases contributed to about $35 million in additional input costs.
- Increased SD&A Expenses
- SD&A expenses increased by $52.3 million, partly due to the six additional days in Q1 2026.
- Economic and Geopolitical Risks
- Geopolitical tensions may continue to affect costs and supply chain stability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.79
- Gross margin
- 39.4%
- Operating margin
- 12.9%
- Segment
- Nonalcoholic Beverages: $1,833.8 million
- Segment
- All Other: $89.5 million
What they said about what is next.
The company did not provide explicit numeric guidance in this filing.
The filing reads better than the one before it.
What came before.
- 10-K · February 18, 2026
- Coca‑Cola Consolidated reports sequentially stronger 2025 operating performance with full‑year revenue of approximately $7.23 billion, a GAAP diluted EPS of about $6.81 and free cash flow of roughly $620 million. The…
- 10-Q · October 29, 2025
- Coca‑Cola Consolidated reported third-quarter net sales of $1,888,317,000, up $122,665,000 (≈7.0%) versus Q3 2024, with gross profit of $748,516,000 and income from operations of $246,634,000. Diluted EPS (Common Stock)…
- 10-K · February 20, 2025
- Coca‑Cola Consolidated positions itself as the largest Coca‑Cola bottler in the U.S., serving approximately 60 million consumers with a broad manufacturing and distribution footprint and a product mix dominated by The…
- 10-Q · July 31, 2024
- Coca‑Cola Consolidated reported solid Q2 results with net sales of $1,795,943 (thousands), up $57,111 versus $1,738,832 in Q2 2023, while operating income rose to $259,140 (thousands) and diluted EPS increased to $18.54…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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