Coca-Cola Consolidated Q3 sales rise as costs weigh on margins

Coca-Cola Consolidated

04/11/2026 21:27

Overview
U.S. beverage bottler's Q3 net sales rose 5% on higher volume and pricing
Gross margin declined as higher aluminum and fuel costs outpaced price increases
Income from operations increased 10%, with operating margin up 60 basis points

Outlook
Company expects 2026 capital expenditures to be about $300 mln

Result Drivers
PRICING ACTIONS - Co said annual price increases across its portfolio were the main driver of net sales growth in Q3
VOLUME GAINS - Higher sales volumes, particularly in Still beverages and multi-pack aluminum cans, contributed to revenue growth
COST PRESSURES - Higher aluminum and fuel costs, along with a shift in sales mix, compressed gross margin in Q3

Company press release: ID:nGNX5nSk6W

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
$1.99 bln
 
Q3 Net Income
 
$175.86 mln
 
Q3 Gross Margin
 
38.80%
 
Q3 Gross Profit
 
$771.60 mln
 
Q3 Income from Operations
 
$271.60 mln
 
Q3 Operating Margin
 
13.70%
 
Q3 Pretax Profit
 
$238.64 mln
 

Reuters Recommended Reads
Nov 3 - Bottler Coca-Cola Europacific Partners flags cost pressures, keeps outlook
Nov 4 - Bottler Coca-Cola HBC raises revenue outlook on pricing actions, strong demand
Nov 3 - Keurig Dr Pepper flags slower fourth-quarter coffee profits as shoppers trade down

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)