Coca-Cola Consolidated, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2022
August 02, 2022 at 04:10 pm EDT
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Coca-Cola Consolidated, Inc. reported earnings results for the second quarter and six months ended July 01, 2022. For the second quarter, the company reported sales was USD 1,595.22 million compared to USD 1,433.09 million a year ago. Net income was USD 99.56 million compared to USD 48.18 million a year ago. Basic net income per share was USD 10.62 compared to USD 5.14 a year ago. Diluted net income per share was USD 10.59 compared to USD 5.12 a year ago. Basic net income per share - Class B Common Stock was USD 10.62 compared to USD 5.14 a year ago. Diluted net income per share - Class B Common Stock was USD 10.59 compared to USD 5.12 a year ago.
For the six months, sales was USD 2,999.57 million compared to USD 2,702.94 million a year ago. Net income was USD 192.95 million compared to USD 101.54 million a year ago. Basic net income per share was USD 20.58 compared to USD 10.83 a year ago. Diluted net income per share was USD 20.53 compared to USD 10.79 a year ago. Basic net income per share - Class B Common Stock was USD 20.62 compared to USD 10.83 a year ago. Diluted net income per share - Class B Common Stock was USD 20.56 compared to USD 10.79 a year ago.
Coca-Cola Consolidated, Inc. distributes, markets and manufactures nonalcoholic beverages, primarily products of The Coca-Cola Company. The Company also distributes products for several other beverage companies, including Keurig Dr Pepper Inc. and Monster Energy Company. The Company offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages. Sparkling beverages are carbonated beverages, and the Company's principal sparkling beverage is Coca-Cola. Its beverages include energy products and noncarbonated beverages such as bottled water, ready to drink tea, ready to drink coffee, enhanced water, juices and sports drinks. The Company's products are sold and distributed in the United States through various channels, which include selling directly to customers, including grocery stores, mass merchandise stores, club stores, convenience stores and drug stores, selling to on-premise locations, where products are typically consumed immediately.
COCA-COLA CONSOLIDATED, INC. 
