Coca-Cola Consolidated Reports Third Quarter and First Nine Months 2026 Results
Key Highlights
- ➤Q3 net sales $1,989.5 million, up 5.4% year over year
- ➤Q3 operating income $271.6 million, up 10.1%; margin expanded 60 basis points
- ➤Q3 net income $175.9 million, up 23.6%; adjusted net income declined 2.2%
- ➤2026 capital expenditures expected at approximately $300 million
- ➤Debt reduced by $450 million through October 2026
Expert Statements
J. Frank Harrison, III, Chairman and Chief Executive Officer of Coca-Cola Consolidated
“Our third quarter results reflect the strength of our business and the dedication of our teammates to serving our customers and consumers every day.”
J. Frank Harrison, III, Chairman and Chief Executive Officer of Coca-Cola Consolidated
“Our net sales growth reflects a healthy balance of volume and price which, combined with our focus on local execution, continues to position us for long-term growth.”
J. Frank Harrison, III, Chairman and Chief Executive Officer of Coca-Cola Consolidated
“We remain committed to investing for the long term, including the addition of our new glass bottle production line in Indianapolis, while continuing to strengthen our balance sheet.”
J. Frank Harrison, III, Chairman and Chief Executive Officer of Coca-Cola Consolidated
“This year, through October, we have reduced our debt by $450 million.”
Dave Katz, President and Chief Operating Officer of Coca-Cola Consolidated
“We are pleased with the continued momentum of our business and the success of our commercial strategies, which drove strong net sales growth in the quarter.”
Dave Katz, President and Chief Operating Officer of Coca-Cola Consolidated
“Higher aluminum costs, a challenging transportation market and increased fuel costs continued to pressure our gross margin.”
Dave Katz, President and Chief Operating Officer of Coca-Cola Consolidated
“However, disciplined expense management, along with cycling our prior-year investment in our teammates, allowed us to leverage our operating expenses and expand our operating margin.”
Dave Katz, President and Chief Operating Officer of Coca-Cola Consolidated
“Together with The Coca-Cola Company, we remain focused on affordability as we invest strategically with our customers to drive balanced, durable growth.”
* Third quarter of 2026 net sales increased 5% versus the third quarter of 2025. * Gross profit in the third quarter of 2026 was $772 million, an increase of 3%((a)). * Income from operations for the third quarter of 2026 was $272 million, an increase of $25 million, or 10%. Operating margin for the third quarter of 2026 increased 60 basis points to 13.7%. * For the first nine months of 2026, income from operations was $780 million, an increase of $72 million, or 10%; adjusted((b)) income from operations increased 5%. Key Results
Third QuarterFirst Nine Months (in millions)20262025Change20262025Change Volume ((1))94.292.81.4 %278.8260.37.1 % Net sales$ 1,989.5$ 1,888.35.4 %$ 5,888.6$ 5,323.810.6 % Gross profit$ 771.6$ 748.53.1 %$ 2,277.1$ 2,118.17.5 % Gross margin38.8 %39.6 %38.7 %39.8 % Income from operations$ 271.6$ 246.610.1 %$ 780.5$ 708.510.1 % Operating margin13.7 %13.1 %13.3 %13.3 % Beverage SalesThird QuarterFirst Nine Months (in millions)20262025Change20262025Change Sparkling bottle/can$ 1,130.9$ 1,083.14.4 %$ 3,405.0$ 3,096.99.9 % Still bottle/can$ 687.2$ 643.36.8 %$ 1,990.2$ 1,778.511.9 %
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