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Stock impact report

Coca-Cola Consolidated Reports Fourth Quarter and Fiscal Year 2023 Results

Coca-Cola Consolidated, Inc. (COKE) 
Company Research Source: GlobeNewswire
Fourth quarter of 2023 net sales increased 4% versus the fourth quarter of 2022.Gross profit in the fourth quarter of 2023 was $641 million, an increase of 7% versus the fourth quarter of 2022. Gross margin in the fourth quarter of 2023 improved by 120 basis points(a) to 39.3%.Income from operations for fiscal year 2023 was $834 million, up $193 million, or 30%, versus fiscal year 2022. Operating margin for fiscal year 2023 was 12.5% as compared to 10.3% for fiscal year 2022, an increase of 220 basis points. Key Results   Fourth Quarter Fiscal Year(in millions) 2023 2022 Change 2023 2022 ChangeStandard physical case volume(1)  88.5   87.6  1.1%  355.4    Show less Read more
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