Coca-Cola Consolidated Inc. (COKE)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 557,481 | 600,411 | 638,528 | 607,724 | 575,087 | 441,973 | 376,824 | 308,331 | 255,149 | 319,200 | 295,495 | 284,796 | 231,436 | 139,720 | 89,103 | 56,899 | 27,040 | 3,852 | 25,879 | -741 |
| Revenue (ttm) | US$ in thousands | 6,651,060 | 6,579,910 | 6,488,480 | 6,339,070 | 6,170,570 | 5,996,950 | 5,823,780 | 5,660,430 | 5,522,980 | 5,411,440 | 5,281,550 | 5,074,860 | 4,975,920 | 4,876,230 | 4,816,840 | 4,860,470 | 4,788,840 | 4,746,460 | 4,685,230 | 4,643,570 |
| Pretax margin | 8.38% | 9.12% | 9.84% | 9.59% | 9.32% | 7.37% | 6.47% | 5.45% | 4.62% | 5.90% | 5.59% | 5.61% | 4.65% | 2.87% | 1.85% | 1.17% | 0.56% | 0.08% | 0.55% | -0.02% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $557,481K ÷ $6,651,060K
= 8.38%
Coca-Cola Consolidated Inc's pretax margin has shown a positive trend over the past eight quarters, increasing steadily from 5.41% in Q1 2022 to 9.54% in Q1 2023. The company's pretax margin peaked at 9.81% in Q2 2023 before slightly decreasing to 8.38% in Q4 2023. This indicates that the company has been effectively managing its operating expenses and generating higher profits before taxes. Overall, the upward trajectory of the pretax margin suggests improving operational efficiency and profitability for Coca-Cola Consolidated Inc during the period under review.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Coca-Cola Consolidated Inc.
COKE
8.38%
Celsius Holdings Inc
CELH
22.14%
Monster Beverage Corp
MNST
29.22%
National Beverage Corp
FIZZ
19.29%