AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended July 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales grew 10.6% YoY to $2.05B on 7.6% volume growth, but net income fell 15.2% to $158.8M as interest expense jumped to $30.5M from $5.9M following the debt-funded $2.4B stock repurchase and aluminum tariff costs compressed gross margin 210bps.
Biggest Revenue Drivers
Bottle/can sales$1.88B+10.3% YoY
Higher case sales volume and higher average bottle/can sales price per unit from annual pricing actions
Other sales$170.2M+13.9% YoY
Sales to other Coca-Cola bottlers, post-mix sales, transportation and equipment maintenance revenue
Biggest Revenue Drivers
Total revenue: $2.05B+10.6% YoY
Bottle/can sales$1.88B+10.3% YoY
Higher case sales volume and higher average bottle/can sales price per unit from annual pricing actions
Within Bottle/can sales
Sparkling beverages$1.18B+9.7% YoY
Driven primarily by multi-pack, take-home aluminum can packages sold in large store, club and value channels
Still beverages$697.9M+11.5% YoY
Especially strong in convenience and value store channels
Other sales$170.2M+13.9% YoY
Sales to other Coca-Cola bottlers, post-mix sales, transportation and equipment maintenance revenue
Within Other sales
Post-mix sales and other$74.5M+37.8% YoY
Largest Expense Items
Cost of sales$1.27B+14.5% YoY
Driven by higher case sales volume and higher aluminum input costs (~$45M) from geopolitical conflicts, supply constraints and elevated tariffs
Selling, delivery and administrative expenses$507.1M+7.8% YoY
Additional front-line teammate base wage investment, annual wage adjustments, higher benefit costs, elevated fuel costs and volume-driven variable expense
Interest expense, net$30.5M+$24.5M YoY
Lower interest income from reduced cash/short-term investment balances and higher interest expense on higher debt balances
Mark-to-market on acquisition related contingent consideration$24.7M+$12.3M YoY
Higher projections of future cash flows in distribution territories subject to sub-bottling payments, partially offset by a higher WACC
Margins: Gross margin fell 210bps to 37.9% as elevated aluminum costs (~$45M incremental) from geopolitical conflicts, supply constraints and tariffs outpaced annual pricing actions. Operating margin declined 150bps to 13.2%.
Watch Items from the Filing
Two customers, Walmart (18% of net sales) and Kroger (12%), together represent 30% of net sales and 36% of bottle/can volume in the first half of 2026.
Aluminum costs tied to geopolitical conflicts, supply constraints and tariffs added ~$45M to Q2 input costs and ~$80M for the first half, pressuring margins.
Interest expense, net rose from $5.9M to $30.5M YoY after the Company took on $2.5B of debt (including Term Loan Facilities) to fund the $2.4B Repurchase from The Coca-Cola Company in November 2025.
S&P rates the Company's debt BBB+ with a Negative outlook, while Moody's rates it Baa1 Stable.
Company remains dependent on The Coca-Cola Company as sole owner of core concentrate/syrup formulas, with $636.6M paid to Coca-Cola Company in Q2 alone.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Coca-Cola Consolidated, Inc. (COKE): stock profile, AI score and financials
Coca-Cola Consolidated, Inc. (COKE) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores COKE at 64.3/100 on a composite quality score built from its SEC filings, placing it at rank #548 of 2,925 stocks — the top 25% of the AI-ranked universe. COKE scores in the top quartile across institutional flow (93.0), balance sheet strength (87.2), revenue scale (83.6). Based on the latest XBRL financial filings (Q2 2026), Coca-Cola Consolidated, Inc. reports quarterly revenue of $2.1B, net income of $158.8M, an operating margin of 13.2%. Top institutional holders of COKE by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. COKE trades on the Nasdaq exchange and files with the SEC under CIK 317540. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate COKE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Coca-Cola Consolidated, Inc. directly from SEC EDGAR.