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COKE - Why Coca-Cola Consolidated Stock Jumped 14% This Week
Coca-Cola Consolidated Inc.
Coca-Cola Consolidated (NASDAQ: COKE) shareholders beat the market this week, as shares rose 14% through late trading on Thursday. The bottler announced solid earnings results despite supply-chain and cost challenges.
Sales rose 10% in the fiscal third quarter, which ended in early October. That boost marked a modest slowdown, compared to the prior-quarter's 17% spike. It was powered by higher prices, which were offset by a slight decline in bottling volumes.