Coca-Cola Consolidated, Inc.

Coca-Cola Consolidated, Inc. bottles, markets, distributes, and manufactures nonalcoholic beverages across 14 states and the District of Columbia. It is the largest Coca-Cola bottler in the United States, with most of its bottle/can volume tied to The Coca-Cola Company brands and additional distribution of products such as Monster Energy and Dr Pepper.

15,9 %

39,7 %

7,9 %

+4,8 %

1.26

0.97

— Coca-Cola Consolidated, Inc.
%
Bottle/can beverage sales85% Packaged sparkling and still beverages sold primarily in bottles and cans through retail and on-premise channels.
Post-mix fountain sales7% Syrups and related products dispensed through fountain equipment for restaurants and other foodservice outlets.
Other beverage sales5% Sales to other Coca-Cola bottlers and selected third-party beverage brands such as Monster and Dr Pepper.
Transportation and logistics services2% Freight and delivery-related revenue tied to moving products through the company’s distribution network.
Equipment and maintenance services1% Maintenance and support services for beverage dispensing and related customer equipment.

The company sells to grocery stores, mass merchandise stores, club stores, convenience stores, drug stores,...

  • Retail grocery and mass merchandiseprimary

    Buys packaged beverages for broad household consumption and high-volume shelf placement.

  • Convenience and drug storesprimary

    Buys single-serve sparkling and still beverages for immediate consumption and frequent replenishment.

  • On-premise foodservice and institutionsprimary

    Buys fountain and packaged beverages for restaurants, schools, entertainment venues and similar locations.

  • Alternative route-to-market customerssecondary

    Buys through third-party distributors or customer supply chains where the company earns delivery fees and service revenue.

  • Other bottlers and trade partnerssecondary

    Buys select products and services that support system-wide distribution and logistics.

Coca-Cola Consolidated operates almost entirely in the United States, with territories spanning 14 states and the...

  • Operations are concentrated in 14 U.S. states plus Washington, D.C.
  • Business is tied to local bottling and distribution territories
  • No meaningful international revenue exposure is disclosed
  • Supply chain assets and warehouses support regional delivery density
  • Weather and seasonality affect volumes across the territory

The company is focused on disciplined pricing, commercial execution, and supply chain optimization to protect margins...

01
Revenue management and pricing disciplineshort-term

Protects net pricing and margins in a market with intense competition and input-cost volatility.

02
Supply chain optimizationmedium-term

Lower-cost, more automated distribution improves service levels and supports future growth.

03
Digital selling and customer servicemedium-term

MyCoke and related tools improve ordering efficiency and create more selling opportunities.

04
Cash flow generation and capital returnsshort-term

Strong operating cash flow supports investment, balance-sheet flexibility and shareholder returns.

The business is exposed to commodity inflation, packaging shortages, and concentrated supplier relationships for...

high

Packaging and raw material supply disruption

The company relies on a small number of suppliers for plastic bottles and aluminum cans, and shortages can stop fulfillment.

Scope
Plastic bottles, aluminum cans, PET resin, CO2 and corn syrup
Materiality
high
high

Commodity and inflation pressure

Higher input costs may not be fully offset by price increases if consumer demand weakens.

Scope
Cost of goods sold and SD&A
Materiality
high
high

Competitive pricing pressure

Pepsi and regional bottlers can force lower net pricing and reduce share or margins.

Scope
Sparkling and still beverage channels
Materiality
high
high

Governance and franchise dependence

Distribution rights and operating flexibility depend on Coca-Cola system agreements and governance entities.

Scope
Franchise territory and brand access
Materiality
high
medium

Technology and CONA system disruption

The company depends on a shared bottler IT platform for order processing and operational efficiency.

Scope
Order management, customer service, logistics
Materiality
medium
Revenue recognition and promotional allowances
Affects net sales, gross margin and channel comparability
Seasonality
Quarterly results are not evenly comparable
Allowance for doubtful accounts and customer returns
Affects net sales and accounts receivable
Goodwill and long-lived asset impairment
Could create noncash impairment charges
Acquisition-related contingent consideration
Can create earnings volatility from remeasurement

: 28.4.2026