Coca-Cola Consolidated Inc. (COKE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,598,710 | 2,277,950 | 1,954,190 | 1,768,910 | 1,670,500 |
| Revenue | US$ in thousands | 6,644,960 | 6,166,200 | 5,518,710 | 4,951,170 | 4,774,060 |
| Gross profit margin | 39.11% | 36.94% | 35.41% | 35.73% | 34.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,598,710K ÷ $6,644,960K
= 39.11%
Coca-Cola Consolidated Inc's gross profit margin has shown a positive trend over the past five years, increasing from 34.61% in 2019 to 39.06% in 2023. This indicates an improvement in the company's ability to generate profit from its core operations after accounting for the cost of goods sold. The steady growth in gross profit margin reflects increased efficiency in managing production costs and pricing strategies. Overall, the rising trend in the gross profit margin suggests that Coca-Cola Consolidated Inc has been effectively controlling costs and optimizing its pricing strategies to enhance profitability over the years.
Peer comparison
Dec 31, 2023