Coca-Cola Consolidated Inc: Jumps on strong Q3 results

Coca-Cola Consolidated

03/11/2020 21:58

** America's largest Coca-Cola bottler's shares  COKE.O  up
8.2% at $251 after market
    ** Q3 sales up 4.5% at $1.33 bln, helped by higher sales of
multi-serve packages of sodas sold in retail stores
    ** Sales of still beverages, such as flavored waters and
juices, improved as certain coronavirus-related restrictions
were eased or lifted
    ** Gross margin also improved 160 basis points on higher
prices and lower costs
    ** CEO says company will work on a number of large capital
projects to increase manufacturing capacity, expand
warehouses 
    ** Stock down 18.3% YTD

 (Reporting by Nivedita Balu in Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu))