Trimmed Costs Lift Coca-Cola Consolidated's Quarter
Coca-Cola Consolidated (NASDAQ: COKE) is the largest Coca-Cola bottler in the United States, but as an investment, it tends to get overshadowed by Coca-Cola -- its biggest customer. In the last 12 months, a string of positive quarters has certainly increased the company's visibility; shares have leaped 83% year to date. Indeed, the bottler's stock gained more than 10% in the Wednesday trading session following release of second-quarter 2019 earnings Tuesday evening. Below, we'll delve into the quarter's details and look into the factors that are driving enthusiasm for the sprawling bottling enterprise.
Note that all comparable numbers that follow refer to those of the prior-year quarter.
Data source: Coca-Cola Consolidated. N/A = Not applicable; difference too great to be meaningful.
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