Brief: Coca-Cola Consolidated Reports First Quarter 2020 Results

Coca-Cola Consolidated

05/05/2020 23:21

May 5 (Reuters) - Coca-Cola Consolidated Inc  COKE.O :
    * COCA-COLA CONSOLIDATED REPORTS FIRST QUARTER 2020 RESULTS
    * COCA-COLA CONSOLIDATED INC - QTRLY NET SALES $1.17 BILLION
VERSUS $1.10 BILLION
    * COCA-COLA CONSOLIDATED INC - QTRLY EARNINGS PER SHARE
$1.56
    * COCA-COLA CONSOLIDATED - ESTIMATE ABOUT TWO-THIRDS OF Q1
VOLUME
GROWTH IS ATTRIBUTABLE TO HEAVY INCREASES IN DEMAND DURING LAST
THREE WEEKS OF MARCH
    * COCA-COLA CONSOLIDATED INC - SALES TRENDS SLOWED
DRAMATICALLY IN
MONTH OF APRIL 2020
    * COCA-COLA CONSOLIDATED INC - PRODUCT MIX SHIFT AND LOWER
OVERALL
VOLUME IS EXPECTED TO HAVE A SIGNIFICANT IMPACT ON OUR SALES FOR
FULL YEAR
    * COCA-COLA CONSOLIDATED INC - DIFFICULT TO ESTIMATE FULL
FINANCIAL IMPACT OF CHANGES IN FY OUTLOOK GIVEN UNCERTAINLY
AROUND A NUMBER OF FACTORS

Source text for Eikon:  ID:nGNX3c8J4G 
Further company coverage:  COKE.O 

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