Monitor next quarter's comps to gauge true organic growth ex-calendar shifts; aluminum tariff pressure and buyback impact will be key. With no guidance and mixed adjusted results, the stock may trade range-bound.
Price Chart
Executive Summary
Coca-Cola Consolidated reported Q1 2026 GAAP revenue of $1.85B (+16.9% YoY) and diluted EPS of $1.67 (+40% YoY), benefiting from six extra selling days. Adjusted (ex-extra days) revenue grew 8.5% and adjusted operating income rose only 2.2%, while adjusted net income fell 12.3% due to aluminum cost headwinds. No guidance was provided, leaving the underlying trend ambiguous.
Key Financial Metrics
Key Facts
- GAAP net sales +16.9% YoY to $1.847B; adjusted (ex-extra days) +8.5%
- GAAP diluted EPS $1.67 (+40% YoY) aided by $150M share repurchases reducing share count by 27%
- Adjusted net income decreased 12.3% YoY to $119.5M due to ~$35M in higher aluminum costs
- Gross margin contracted 30 bps GAAP (39.4%) and 70 bps adjusted (39.1%)
- Operating cash flow $205M vs $198M; capex $63M
Financial Impact
Revenue beat headline consensus but adjusted growth modest; margin compression of ~0.7% on adjusted basis
Risk Factors
- Continued aluminum cost inflation outpacing pricing
- Six fewer selling days in Q4 2026 could compress full-year results
- Heavy share repurchase masks underlying earnings decline
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031296 |
| Document: coke-20260506.htm | 0001628280-26-031296 |
| Document: 0001628280-26-031296-index-headers.html | 0001628280-26-031296 |
| Document: 0001628280-26-031296-index.html | 0001628280-26-031296 |
| Document: 0001628280-26-031296.txt | 0001628280-26-031296 |
| 8-K Data (Synthetic) | 0001628280-26-031296 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $214.93 | awaiting T+20 | — | $209.00 (−2.76%) |
Aug 4, 2026 12w ago | Court Ruling | $184.53 $195.03 | ▲ +5.69% | ▲ +6.30% | $209.00 (+13.26%) |
Jul 10, 2026 15w ago | Press Release | $178.01 $185.55 | ▲ +4.24% | ▲ +1.05% | $209.00 (+17.41%) |
Jun 30, 2026 17w ago | Court Ruling | $190.92 $186.28 | ▼ −2.43% | ▼ −1.40% | $209.00 (+9.47%) |
May 6, 2026 24w ago | 8-K | $177.61 $177.34 | ▼ −0.15% | ▼ −3.29% | $209.00 (+17.67%) |
Apr 22, 2026 26w ago | Press Release | $192.42 $176.22 | ▼ −8.42% | ▼ −13.05% | $209.00 (+8.62%) |
Apr 10, 2026 28w ago | Press Release | $198.23 $170.48 | ▼ −14.00% | ▼ −21.73% | $209.00 (+5.43%) |
Mar 23, 2026 31w ago | DEFA14A | $185.21 $187.06 | ▲ +1.00% | ▼ −7.90% | $209.00 (+12.85%) |
US Market Status
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