KO - Why Coca-Cola Consolidated Stock Jumped This Week
2024-05-10 10:49:39 ET
Shareholders of Coca-Cola Consolidated (NASDAQ: COKE) , the largest Coca-Cola (NYSE: KO) bottler in the country, had a great week this week. The stock gained 11% through Thursday trading compared to a 1.2% rally in the wider market, according to data provided by S&P Global Market Intelligence . That boost was just enough to put shares back in positive territory for the year, although the stock is still trailing the S&P 500 's 9% increase to date in 2024.
This week's spike was powered by the company Q1 earnings update, which contained good news on the most recent operating trends.
Coca-Cola Consolidated posted modest sales growth for the Q1 selling period that ran through late March. Revenue rose 1% thanks to rising sales volumes for both sparkling and still drinks.
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Why Coca-Cola Consolidated Stock Jumped This Week