Summary by Moomoo AI
Coca-Cola Consolidated reported strong Q4 2024 results with net sales increasing 7.1% to $1.7 billion and operating income rising 22.6% to $218.7 million. Gross profit grew 8.8% to $697.9 million with margins improving 70 basis points to 40%. The quarter benefited from two additional selling days, contributing approximately $40 million to net sales.Sparkling beverage sales rose 7.7% while Still beverage sales increased 8.7% in Q4. The company's performance was driven by strong Sparkling volume growth and pricing actions, with sales to large retail customers outpacing other channels. For the full year 2024, operating income grew 10.3% to $920.4 million with operating margins expanding 80 basis points to 13.3%.The company invested $371 million in capital expenditures during 2024 while returning substantial cash to shareholders through $626 million in stock repurchases and increasing the annual dividend to $10 per share. Management expects 2025 to show slower financial growth but projects solid margin performance and cash generation, with planned capital expenditures of approximately $300 million.
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