Coca-Cola Consolidated Inc. (COKE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,753,180 | 2,598,710 | 2,277,950 | 1,954,190 | 1,768,910 |
| Revenue | US$ in thousands | 6,899,720 | 6,653,860 | 6,200,960 | 5,562,710 | 5,007,360 |
| Gross profit margin | 39.90% | 39.06% | 36.74% | 35.13% | 35.33% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,753,180K ÷ $6,899,720K
= 39.90%
Based on the data provided, Coca-Cola Consolidated Inc.'s gross profit margin has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024.
The gross profit margin increased from 35.33% in 2020 to 39.90% in 2024, reflecting an improvement in the company's ability to generate profit from its core operations. This indicates that Coca-Cola Consolidated has been effectively managing its production costs and pricing strategies to enhance profitability.
The steady growth in the gross profit margin suggests that the company may have implemented cost-saving measures, enhanced operational efficiency, or adjusted its product pricing to boost profitability over the years. This trend is generally viewed positively by investors and stakeholders as it signifies the company's ability to maintain a healthy margin on its products.
Overall, the increasing gross profit margin of Coca-Cola Consolidated Inc. demonstrates a positive financial performance and operational efficiency, which may contribute to the company's long-term profitability and sustainability.
Peer comparison
Dec 31, 2024