Our 2019 results were also positively impacted by the contribution of BodyArmor products in their first full year of distribution across our territory. Revenue from our Still beverages grew 6.9% in the fourth quarter of 2019, driven primarily by growth in our Sports Drinks and Energy categories.įor 2019, revenue increased $201.2 million, or 4.3%, driven by physical case volume growth of 1.6%, price increases on our products and the positive influence of higher priced Still products on revenue growth. Revenue from our bottle/can Sparkling beverages increased 2.8% in the fourth quarter of 2019, primarily driven by price increases on our products, as our Sparkling brands continue to demonstrate strength in the marketplace. Our physical case volume increased 1.2% in the quarter, driven primarily by strong growth in our Still portfolio. Revenue grew 3.7% in the fourth quarter of 2019, driven primarily by strong price growth and a continued shift in our product mix to higher priced Still products. We begin 2020 confident in the health of our business and we look forward to building on our strong 2019 operating performance.” These investments will increase the efficiency of our operations and drive long-term value for our stockholders. We opened a new automated warehouse facility in Erlanger, Kentucky and began work on our announced plant consolidation in the Memphis region. “We delivered record operating profit, generated strong cash flow and made significant investments in our business that strengthen our long-term growth outlook. “2019 was an outstanding year for Coca-Cola Consolidated,” said Frank Harrison, Chairman and CEO of Coca-Cola Consolidated. (NASDAQ: COKE) today reported operating results for the fourth quarter and fiscal year ended December 29, 2019.
:max_bytes(150000):strip_icc()/GettyImages-84824542-783e8de16e484f1daa1eb6514f04f086.jpg "coca cola contractor expenses")
25, 2020 (GLOBE NEWSWIRE) - Coca-Cola Consolidated, Inc. On an adjusted (b) basis, income from operations decreased $0.4 million.įourth Quarter 2019 and Fiscal Year 2019 ReviewĬHARLOTTE, N.C., Feb. Fourth quarter 2019 income from operations was $39.5 million, up $26.7 million versus the fourth quarter of 2018.On an adjusted (b) basis, gross margin increased 30 basis points due to favorable input costs. Gross margin increased 150 basis points in fourth quarter 2019 compared to the fourth quarter of 2018.Fourth quarter 2019 net sales grew 3.7% versus the fourth quarter of 2018, with physical case volume up 1.2% for the quarter (a).
0 kommentar(er)
