COKE - Coca-Cola Consolidated EPS misses by $0.54

Coca-Cola Consolidated (NASDAQ:COKE): Q3 GAAP EPS of $7.32 misses by $0.54. Revenue of $1.46B (+9.8% Y/Y) Press Release COO comment: “Labor shortages and wage inflation continue to be the most challenging aspects of managing our operating expenses as we work to fulfill our customer and consumer demand. We are committed to investing in our people and our work to ensure our wages and benefits are competitive and our value proposition resonates with teammates. While we continue to face near-term challenges that require us to remain flexible and nimble in our planning, we remain confident in our financial outlook for the balance of 2021. Our goal for the fourth quarter is to build on the momentum of our commercial success to successfully position ourselves for a strong start to 2022.”

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Coca-Cola Consolidated EPS misses by $0.54