Coca-Cola Consolidated Inc

cokeconsolidated.com

What Do They Do?

Distributes, markets and manufactures sparkling and still nonalcoholic drinks for retailers, restaurants and schools.

How Do They Make Money?

Customers pay for bottled and canned drinks, fountain products and sales to other bottlers when delivered; they pay for equipment repairs and freight services as the work or delivery takes place.

revenue

Segment	Share	Revenue	How money arrives
Nonalcoholic Beverages Sold outright	99% FY2022: 98%		Sold outright
All Other	4.5% FY2022: 6.4%

Who Are Their Customers?

Retail stores and on-premise venues such as restaurants and schools buy directly; some products reach customers through third-party distributors, manufacturers or customers’ own supply chains.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 9 cents into free cash flow.

Operating income, FY2025

13% of revenue

▲ +3% vs FY2024 ($920.4M, 13%)

Net income, FY2025

8% of revenue

▼ −10% vs FY2024 ($633.1M, 9%)

Free cash flow, FY2025

9% of revenue

▲ +23% vs FY2024 ($505.3M, 7%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jul 3, 2026

Revenue: ▲ +11%; vs $1.9B in Q2 FY2025
Net income: ▼ −15%; vs $187.4M in Q2 FY2025

Nonalcoholic Beverages share of revenue vs 99.4% in Q2 FY2025

Growing. Revenue grew 30% in 4 years, from $5.6B in FY2021 to $7.2B in FY2025, about 7% a year.

Revenue over time

Nonalcoholic Beverages All Other

$10B$5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with PepsiCo and Dr Pepper

Comments