COKE - Coca-Cola Consolidated GAAP EPS of $12.57 revenue of $1.57B
2023-05-03 16:15:24 ET
- Coca-Cola Consolidated press release ( NASDAQ: COKE ): Q1 GAAP EPS of $12.57.
- Revenue of $1.57B (+12.1% Y/Y).
- Gross profit in the first quarter of 2023 was $624 million, an increase of 23% versus the first quarter of 2022.
- Gross margin in the first quarter of 2023 improved by 360 basis points to 39.7%.
- Outlook: "In fiscal year 2023, we expect our capital expenditures to be between $250 million and $300 million. Pricing growth in the first quarter was above our expected annual rate and we expect the rate of increase to slow as we hurdle our 2022 price increases later this year. Similarly, we expect our operating expense growth to moderate this year as we cycle front-line teammate investments made throughout 2022.”
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Coca-Cola Consolidated GAAP EPS of $12.57, revenue of $1.57B