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Get filing alertsCoca-Cola Consolidated reports 11% Q2 revenue growth, but aluminum costs compress margins
Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read
Key Changes
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high
Q2 2026 net sales rose 11% to $2.05B with 7.6% volume growth, driven by America250™ and FIFA World Cup enthusiasm plus Fourth of July timing.
Exhibit 99.1 view on EDGAR → -
high
Gross margin fell 210 basis points to 37.9% as ~$45M in aluminum cost increases from tariffs and supply constraints outpaced pricing actions.
Exhibit 99.1 view on EDGAR → -
high
Operating margin contracted 150 basis points to 13.2%; operating income flat at $271M (up 6% adjusted to $285M).
Exhibit 99.1 view on EDGAR → -
medium
Net income declined 15.2% to $158.8M, impacted by non-cash fair value adjustments on acquisition contingent consideration and commodity hedges, plus higher interest expense.
Exhibit 99.1 view on EDGAR → -
medium
Company made $275M in early term loan repayments year-to-date, including $125M in Q2, reducing leverage.
Exhibit 99.1 view on EDGAR →
Summary
Coca-Cola Consolidated delivered strong top-line performance in Q2 2026, with revenue up 11% and volume growth of 7.6%, benefiting from promotional activity around America250™ and the FIFA World Cup, as well as favorable Fourth of July timing. However, profitability came under pressure as aluminum costs surged approximately $45 million above prior-year levels due to geopolitical conflicts, supply constraints, and elevated tariffs. These input cost increases outpaced the company's annual pricing actions, compressing gross margin by 210 basis points to 37.9% and operating margin by 150 basis points to 13.2%.
Net income fell 15.2% to $158.8 million, reflecting the margin compression plus non-cash fair value adjustments on acquisition-related contingent consideration and commodity hedging instruments, as well as higher net interest expense. The company continued to prioritize balance sheet strength, making $275 million in early term loan repayments year-to-date. The key question for investors is whether aluminum cost pressures will persist and whether the company can implement additional pricing or productivity measures to restore margin trajectory while sustaining volume momentum.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Coca-Cola Consolidated reported Q2 and first-half fiscal 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 5, 2026, Coca-Cola Consolidated, Inc. (the “Company”) issued a news release reporting its financial results for the second quarter ended July 3, 2026 and the first half of fiscal 2026.
The company disclosed financial results for the second quarter ended July 3, 2026 and the first half of fiscal 2026. The 8-K itself does not contain the actual financial figures; those are in the attached press release (Exhibit 99.1), which was not provided in the input text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Second quarter of 2026 net sales increased 11% versus the second quarter of 2025. ... Volume was up 7.6% in the second quarter of 2026
The company reported strong top-line performance in Q2 2026, with net sales rising 11% to $2.05 billion and volume increasing 7.6%. Management attributed the growth to enthusiasm around America250™ and the FIFA World Cup, as well as the timing of the Fourth of July holiday, which contributed approximately 1.0% to volume growth.
Added in current filing · view on EDGAR →
Net income in the second quarter of 2026 was $158.8 million, compared to $187.4 million in the second quarter of 2025, a decline of $28.6 million, or 15.2%. ... Net income in the second quarter of 2026 was adversely impacted by non-cash, fair value adjustments to both our acquisition related contingent consideration and commodity hedging instruments, as well as an increase in net interest expense.
Net income fell 15.2% to $158.8 million in Q2 2026, driven by non-cash fair value adjustments to acquisition-related contingent consideration and commodity hedging instruments, plus higher net interest expense. On an adjusted basis, net income declined 3.8% to $187.7 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify