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Coca-Cola Consolidated, Inc. is the largest Coca-Cola bottler in the United States, specializing in the distribution, marketing, and manufacturing of nonalcoholic beverages. The company sells a wide range of beverage products, including sparkling and still beverages, through various sales channels such as grocery stores, restaurants, and vending machines.
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Nonalcoholic Beverages - Comprises the majority of the company's sales, including products from The Coca-Cola Company, Keurig Dr Pepper Inc., and Monster Energy Company.
- Sparkling Beverages - Includes carbonated drinks like Coca-Cola, which is the principal sparkling beverage.
- Still Beverages - Encompasses noncarbonated drinks such as bottled water, ready-to-drink tea, coffee, enhanced water, juices, sports drinks, and energy products.
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All Other - Includes operations from Data Ventures, Inc. and Red Classic subsidiaries, which contribute to the company's overall business activities but do not meet quantitative thresholds for separate reporting.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
J. Frank Harrison ExecutiveBoard | Chairman of the Board and Chief Executive Officer | J. Frank Harrison, III has led Coca-Cola Consolidated as CEO since May 1994 and as Chairman of the Board since December 1996, demonstrating long-term leadership since first joining the company in 1977. | View Report → | |
Christine A. Motherwell Executive | Senior Vice President, Human Resources | Christine A. Motherwell has been the Senior Vice President, Human Resources at COKE since January 2022, following a series of key leadership roles such as Vice President, Human Resources Business Partner and Vice President, Home Market Sales. Before her tenure at COKE, she held roles at The Coca-Cola Company and CCR, demonstrating extensive experience in sales and HR leadership. | ||
David M. Katz Executive | President and Chief Operating Officer | David M. Katz is the President and Chief Operating Officer of Coca-Cola Consolidated since December 2018. He previously served in several executive roles, including Executive Vice President and Chief Financial Officer, and has been with the Coca-Cola system since 1993. | ||
Donell W. Etheridge Executive | Executive Vice President, Product Supply Operations | Donell W. Etheridge has served as Executive Vice President, Product Supply Operations at Coca-Cola Consolidated since March 2021. He has held various senior roles—including Senior Vice President and Vice President of Product Supply Operations—since joining the company in 1990. | ||
E. Beauregarde Fisher III Executive | Executive Vice President, General Counsel | E. Beauregarde Fisher III serves as the Executive Vice President, General Counsel at Coca-Cola Consolidated, Inc. since February 2017 and was elected as the Company's Secretary in May 2017. Prior to joining COKE, he was a partner at Moore & Van Allen PLLC from 1998 to 2017 and served as the outside corporate counsel for COKE from 2011 to 2017. | ||
Elaine Bowers Coventry Executive | President, Europe East Operations | Elaine Bowers Coventry is President, Europe East Operations at The Coca-Cola Company since January 2024 and has previously served as Chief Customer and Commercial Officer from July 2019 to December 2023 while holding several vice president roles in the company. | ||
Matthew J. Blickley Executive | Executive Vice President and Chief Financial Officer | Matthew J. Blickley is the Executive Vice President and Chief Financial Officer (CFO) at COKE since April 1, 2025. He has held several senior financial roles at the company since 2014, including Senior Vice President, Financial Planning and Chief Accounting Officer, showcasing a robust career in financial leadership. | ||
N. Brent Tollison Executive | Senior Vice President, Public Affairs, Communications, Community, and Sustainability | N. Brent Tollison has served as the Senior Vice President, Public Affairs, Communications, Community, and Sustainability at Coca-Cola Consolidated since May 2023, after acting in an interim capacity since November 2022. He previously held the role of Senior Vice President, Assistant to the President and Chief Operating Officer from June 2021 to August 2023. | ||
Robert G. Chambless Executive | Executive Vice President, Franchise Beverage Operations | Robert G. Chambless is the Executive Vice President, Franchise Beverage Operations at Coca-Cola Consolidated since January 2018. He has a longstanding career at the company with previous roles including Executive Vice President, Franchise Strategy and Operations (April 2016 to January 2018) and Senior Vice President, Sales, Field Operations, and Marketing (August 2010 to March 2016). | ||
Dennis A. Wicker Board | Lead Independent Director | Board of Directors of First Bancorp; Campbell Law School Board of Visitors | Dennis A. Wicker serves as the Lead Independent Director at Coca-Cola Consolidated. He has extensive experience in public service and corporate governance, having served as Lt. Governor of North Carolina from 1993 to 2001 and as a partner at Nelson Mullins Riley & Scarborough LLP until 2022. | |
James H. Morgan Board | Director | Chairman of Covenant Capital LLC | James H. Morgan is a Director on the Board of Coca-Cola Consolidated, also serving as Chairman of the Audit Committee and a member of the Compensation and Executive Committees. He has extensive leadership experience, serving as Chairman of Covenant Capital LLC since February 2015, which underscores his broad expertise in corporate governance and financial oversight. | |
James R. Helvey Board | Director | Director at Piedmont Federal Bank ; Advisory Board Member at Verger Capital Management LLC | James R. Helvey, III is a Director and Audit Committee Member at COKE since 2016. He brings extensive expertise in international finance and risk management from his previous senior roles at organizations such as J.P. Morgan & Co. and Cygnifi Derivatives Services, LLC. | |
Jason D. (J.D.) Hickey Board | Director | Chair of the Board of National Institute for Health Care Management Foundation; Director of America’s Health Insurance Plans; Director of the Blue Cross Blue Shield Association | Jason D. (J.D.) Hickey joined the Board of Directors of Coca-Cola Consolidated on May 14, 2024. He has extensive leadership experience in healthcare, including executive roles at BlueCross BlueShield of Tennessee and other organizations. | |
Morgan H. Everett Board | Vice Chair of the Board of Directors | American Beverage Association; Chambliss Center for Children; Coca-Cola Scholars Foundation | Morgan H. Everett has served as the Vice Chair of the Board of Directors at Coca-Cola Consolidated since May 2020. She previously held executive roles including Senior Vice President (April 2019 to May 2020) and Vice President (January 2016 to March 2019). | |
Richard T. Williams Board | Director | Director of HomeTrust Bancshares, Inc.; Board Member of Atrium Health; Board Member of Read Charlotte; Board Member of Billy Graham Evangelistic Association; Board Member of Hope Haven, Inc.; Board Member of The Good Fellows Club | Richard T. Williams serves as a Director on the Board of Coca-Cola Consolidated, Inc. (COKE) and is a member of the Compensation Committee. He has extensive governance experience from his previous executive roles at Duke Energy Corporation and active board memberships at organizations including HomeTrust Bancshares, Inc. and Atrium Health. | |
Sharon A. Decker Board | Member of the Board of Directors | Sharon A. Decker serves as a board member at Coca-Cola Consolidated, serving on the Audit and Compensation Committees with her membership documented in fiscal years 2022, 2023, and 2024. | ||
Umesh M. Kasbekar Board | Non-Executive Vice Chairman of the Board | Umesh M. Kasbekar currently serves as the Non-Executive Vice Chairman of the Board at Coca-Cola Consolidated since July 2020. He has over 35 years of experience at the company, having previously held roles such as Executive Vice Chairman and Secretary. | ||
William H. Jones Board | Director | Chancellor of Columbia International University | William H. Jones has been a Director at Coca-Cola Consolidated since 2011. He is also a member of the Audit Committee and serves as the Chancellor of Columbia International University. |
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company identifies local bottlers of this competitor's products as principal competitors in the nonalcoholic beverage industry. The competition includes bottlers and distributors of nationally and regionally advertised and marketed products, as well as private label beverages. | |
In some regions, local bottlers of this competitor's products are mentioned as principal competitors in the nonalcoholic beverage industry. | |
This competitor is included in the peer group for the company's stock performance comparison. | |
This competitor is part of the peer group used for the company's stock performance comparison. | |
Although the company is a bottler for this entity, it is also included in the peer group for stock performance comparison. | |
This competitor is part of the peer group used for the company's stock performance comparison. |
Recent press releases and 8-K filings for COKE.
- The company’s 10-for-1 stock split for both Common Stock and Class B Common Stock was approved by stockholders on May 13, 2025 and became effective on May 16, 2025.
- Stockholders will receive nine additional shares per share held, with trading on a split-adjusted basis expected to begin on or about May 27, 2025.
- Q1 2025 results showed net sales of $1,580 million and gross profit of $627 million, reflecting declines of about 0.7% and 2.1%, respectively, partially due to two fewer selling days compared to Q1 2024.
- Volume dropped 6.6% to 76.7 units and income from operations decreased 11.9% to approximately $190 million, leading to a reduced operating margin of 12.0% compared to 13.5% in Q1 2024.
- Management attributed some of the performance challenges to calendar effects, including the Easter holiday timing and distribution changes for certain products.
- The board approved a 10-for-1 stock split of the Company’s common and Class B shares, subject to shareholder approval of an amendment to the Certificate of Incorporation.
- The split amendment will be presented for vote at the Annual Meeting on May 13, 2025, with trading on a split-adjusted basis expected to begin on May 27, 2025.
- Net sales increased by 7.1% to approximately $1.7 billion in Q4 2024, with volume rising 1.3%, partly due to two additional selling days.
- Gross profit reached $697.9 million and the gross margin improved by 70 basis points to 40%, while income from operations increased by 22.6% to $218.7 million.
- The results underscore the strength in the Sparkling beverage category and include strategic measures such as capital investment and share repurchases, supporting long-term growth.