Why Coca-Cola Consolidated Stock Popped Today
Shares of The Coca-Cola Co.'s largest U.S. bottler, Coca-Cola Consolidated (NASDAQ: COKE), are up 5% as of 11 a.m. ET on Wednesday, according to data provided by S&P Global Market Intelligence.
Coca-Cola Consolidated reported third-quarter earnings that saw sales, adjusted net income, and cash from operations (CFO) rise by 3%, 7%, and 10%, respectively, during the first nine months of the year.
Overall, it was a solid quarter that saw gross margins, operating margins, and profit margins return to expansion again, prompting the market to respond positively today.
Source Fool.com
