Coca-Cola Consolidated, Inc. (COKE) Bundle
You're looking at Coca-Cola Consolidated, Inc. (COKE) not just for its vast distribution network, but to understand the bedrock-the mission and core values-that defintely drives its financial performance. This company, which reported a Trailing Twelve Months (TTM) revenue of over $7.07 billion as of September 2025, operates on a clear Purpose: to honor God, serve others, pursue excellence, and grow profitably. When you see a 3.3% rise in net sales to $5.3 billion in the first nine months of 2025, you have to ask: is that growth a true reflection of their Vision to be the best beverage company, or simply a factor of favorable pricing actions? Let's map how their core values-Faith, Family, Community, Excellence, and Integrity-actually translate into a sustainable competitive advantage (moat) in a tough consumer market.
Coca-Cola Consolidated, Inc. (COKE) Overview
You need to know where the money is coming from, and for Coca-Cola Consolidated, Inc. (COKE), it's a long history of bottling and distribution that drives their success. This isn't just a small-time distributor; it's the largest independent Coca-Cola bottler in the United States, a crucial link in the beverage supply chain.
The company's roots go all the way back to 1901, and today, it makes, sells, and distributes beverages across 14 states and the District of Columbia, reaching about 60 million consumers. Their portfolio is massive, covering more than 300 brands and flavors, which includes everything from the classic Trademark Coca-Cola to energy drinks and enhanced waters. They are defintely a powerhouse in the non-alcoholic ready-to-drink (NARTD) space.
Their core business is simple: take the concentrate from The Coca-Cola Company, bottle or can it, and get it on the shelves efficiently. That comprehensive distribution network and sales support for thousands of retail customers-grocery stores, convenience stores, restaurants-is what they do best. To get a deeper look into how this system works, you can check out Coca-Cola Consolidated, Inc. (COKE): History, Ownership, Mission, How It Works & Makes Money.
Near-Term Financial Performance: Q3 2025 Results
Looking at the latest figures, Coca-Cola Consolidated is showing resilience, even with some market headwinds. For the trailing twelve months (TTM) ending September 30, 2025, the company reported total revenue of $7.070 billion, a solid 4.22% increase year-over-year. That's a new high, showing their pricing and portfolio strategy is working.
For the third quarter of 2025 alone, net sales climbed to $1.8883 billion, up nearly 7% from the same quarter in 2024. This growth wasn't accidental; it was driven by strategic price increases earlier in the year and strong volume performance in the third quarter. Here's the quick math on where the sales growth is concentrated:
- Sparkling (bottle/can) net sales: $1.0831 billion, a 4.7% increase.
- Still (bottle/can) net sales: $643.3 million, a substantial 9.9% increase.
The Still category, which includes waters, sports drinks, and energy products, is clearly accelerating. We're seeing strong market growth in brands like Monster Energy, Core Power, Topo Chico, and smartwater, which is a smart diversification away from traditional sodas.
Industry Leadership and Market Position
Coca-Cola Consolidated isn't just a big bottler; they are recognized as a leader in the competitive beverage industry. Their operational excellence and community focus earned them the title of Beverage Industry's 2025 Bottler of the Year. That kind of recognition tells you they are executing at the highest level.
Their leadership position is cemented by their scale and execution. They operate 11 manufacturing facilities and 60 distribution and sales centers, ensuring product availability across their vast territory. They also own Red Classic Transportation, which is one of the largest transportation providers in the US, giving them a significant edge in supply chain control and efficiency-a major competitive advantage (or moat) in this business.
The company is not resting on its laurels, either. They are pushing their zero-sugar portfolio, which they note is No. 1 in the industry, and they expect continued growth in large categories like energy and sports drinks. This focus on consumer-driven trends is why they continue to grow profitably. To understand the strategic foundation behind this success, you need to look at the company's core principles and future outlook.
Coca-Cola Consolidated, Inc. (COKE) Mission Statement
You're looking for the bedrock of a company, the core belief that drives daily decisions and long-term strategy, and for Coca-Cola Consolidated, Inc. (COKE), that's encapsulated in its clear, four-part Purpose. This Purpose isn't just corporate fluff; it's a non-negotiable operating manual for the largest Coca-Cola bottler in the US, guiding everything from capital allocation to how a delivery driver interacts with a store manager. Their stated Purpose is: to honor God in all we do, to serve others, to pursue excellence, and to grow profitably.
That last part, 'grow profitably,' is the financial anchor, but it's the first three that build the foundation for it. Honestly, without a strong commitment to service and excellence, that profit mandate becomes defintely unsustainable. This framework helps us map near-term risks and opportunities to clear actions, which is what matters to investors and strategists.
Serving Others: Consumers, Customers, and Community
The 'to serve others' component is the true mission statement in action, focusing on three distinct stakeholder groups: consumers, customers, and the communities where they operate. Coca-Cola Consolidated's business model is inherently local, so this focus is crucial for market share. They serve approximately 60 million consumers across 14 states and the District of Columbia.
This service mandate means providing a comprehensive portfolio of over 300 brands and flavors, from sparkling soft drinks to still beverages like water, tea, and energy drinks. The company's 17,000 teammates pour their hearts into this service every day. It's a simple, powerful model: deliver what people want, where they want it, and do it reliably.
- Serve over 60 million consumers.
- Distribute more than 300 brands and flavors.
- Prioritize service across 14 states.
Pursuing Excellence: Operational Quality and Innovation
The commitment 'to pursue excellence' translates directly into operational efficiency and product quality, which impacts the bottom line through reduced waste and stronger customer relationships. This isn't just about the taste of the beverage; it's about the entire supply chain. Excellence is evident in their extensive and highly efficient distribution network, which ensures timely and reliable delivery to thousands of retail partners, including supermarkets and convenience stores.
This pursuit of excellence also includes robust sales and merchandising support for retail partners. They don't just drop off cases; they execute promotional displays and in-store product placement to drive sales. That level of partnership is how a bottler maintains its market position, especially in a competitive environment where consumers are increasingly selective with their spending.
Growing Profitably: The Financial Mandate
The final, and for us, most measurable component is 'to grow profitably.' This is the ultimate validation of the first three principles. If you serve others well and pursue excellence in operations, profit should follow. Here's the quick math on that commitment: Coca-Cola Consolidated reported net sales of $5.3238 billion for the first nine months of the 2025 fiscal year, representing a 3.3% increase over the same period in 2024.
For a full-year context, the trailing twelve months (TTM) revenue ending September 30, 2025, stood at $7.070 billion, a 4.22% increase year-over-year. This growth, driven by annual price increases and strong volume performance in Q3, shows the strategy is working. The third quarter of 2025 alone saw net income of $142.3 million. To dive deeper into how those figures stack up against industry peers, you should read Breaking Down Coca-Cola Consolidated, Inc. (COKE) Financial Health: Key Insights for Investors. This focus on profitable growth ensures they can continue to invest in the very excellence and service that drives their success.
Coca-Cola Consolidated, Inc. (COKE) Vision Statement
You're looking for the bedrock principles that guide a company like Coca-Cola Consolidated, Inc. (COKE), and that's smart. A company's Vision and Purpose aren't just feel-good platitudes; they map the strategic direction and, defintely, the capital allocation. COKE's stated Vision is simple: To be the best beverage company in the world. But the real financial and operational roadmap is detailed within their four-part Purpose, which is the engine driving that Vision.
This Purpose-To honor God in all we do, to serve others, to pursue excellence, and to grow profitably-is what dictates their day-to-day decisions, from pricing strategy to capital expenditures. For an analyst, the key is mapping these aspirational goals to concrete financial actions and results, especially with the 2025 fiscal year data now available.
For a deeper dive into the company's foundation, you can check out Coca-Cola Consolidated, Inc. (COKE): History, Ownership, Mission, How It Works & Makes Money.
To Honor God in All We Do & Serve Others
This part of the Purpose-'To honor God in all we do, to serve others'-translates directly into their Core Values of Faith, Family, and Community. For a business, this focus on service and community is a tangible risk mitigator and a driver of employee retention. They have over 17,000 teammates, and a stable workforce cuts down on training costs and operational friction.
The commitment to 'serve others' extends to their customers and the 60 million consumers they reach across 14 states and the District of Columbia. This focus on community engagement helps secure local market share, which is crucial for a regional bottler. It's about building an unshakeable local presence.
- Stabilizes workforce, cutting turnover costs.
- Strengthens local market penetration.
- Builds brand loyalty beyond product price.
Pursuing Operational Excellence
The goal to 'pursue excellence' is where the rubber meets the road on the income statement. It's about squeezing out efficiency and delivering high-quality products, which aligns with their Core Value of Excellence. We saw this play out in the third quarter of 2025, where their gross margin held strong at 39.6%, an improvement of 10 basis points over the prior year's third quarter.
This margin performance, despite ongoing inflation and supply chain pressures, shows tight cost management and effective pricing actions. The company's operating margin for Q3 2025 also increased 20 basis points to 13.1%, with income from operations rising to $247 million. That's a clear sign their pursuit of excellence is working in the warehouse and on the delivery route.
Growing Profitably for Stakeholders
The final pillar, 'to grow profitably,' is the bottom line for investors and the ultimate test of the Vision. The 2025 fiscal year has shown solid growth, primarily driven by pricing and strong volume in the Still category (water, juices, teas). For the first nine months of 2025, net sales reached $5.3 billion, a 3.3% increase compared to the same period in 2024.
Here's the quick math on shareholder value: Through the first nine months of 2025, Coca-Cola Consolidated returned approximately $211 million to stockholders via share repurchases and dividends. Plus, they are reinvesting in the business, with expected capital expenditures for the full fiscal year 2025 projected to be around $300 million, signaling confidence in future growth. What this estimate hides is the specific allocation, but it indicates a focus on infrastructure to maintain that operational edge.
The Q3 2025 earnings per share (EPS) jumped 24% to $1.64, which is a significant beat and a direct result of this profitable growth strategy. The strategy is simple: price effectively, control costs, and return capital. It works.
Coca-Cola Consolidated, Inc. (COKE) Core Values
You're looking for the bedrock principles that drive a company, especially one as large and established as Coca-Cola Consolidated, Inc. (COKE). It's not just about the product portfolio or the $1,888.3 million in net sales for the third quarter of 2025; it's about the underlying culture. The company's core values-Faith, Family, Community, Excellence, and Integrity-are the operating system for their entire business, translating directly into their Purpose: to honor God in all we do, to serve others, to pursue excellence, and to grow profitably. It's a clear, four-part mandate.
This approach is why they remain the largest U.S. bottler, serving around 60 million consumers. To be fair, this is a distinct model from The Coca-Cola Company (KO), focusing on local execution and a deeply personal corporate culture. Let's break down how these values manifest in concrete actions and financial strategy right now, in late 2025.
Faith
This value, 'To honor God in all we do,' is the foundation of the company's Purpose. It's not a vague statement; it underpins their approach to servant leadership and care for their 17,000 Teammates. This is a defintely unique aspect of their corporate identity.
The commitment to Faith is visible in their internal support structure. They partner with organizations to provide professional, confidential chaplain services across all their production and distribution sites-that's over 102 locations. They also actively encourage the 'T-Factor' initiative, which helps leaders infuse Christian values like compassion and service into the daily work environment. This focus on spiritual well-being helps ensure a supportive workplace, which ultimately reduces employee turnover risk.
Family
A strong 'Family' value means investing in the people who drive the trucks, manage the accounts, and run the bottling lines. You can't achieve operational excellence with a burned-out workforce. In 2025, Coca-Cola Consolidated was named to the '2025 America's Greatest Workplaces for Parents & Families' list by Newsweek, a recognition based on an extensive survey of over 200,000 working parents.
This recognition isn't about free soda; it's about tangible support. It includes a comprehensive range of benefits and special programs designed to help Teammates thrive both at work and at home. This is just smart business, too, because a stable, supported workforce is a productive one. You can dive deeper into the company's market position and value proposition by Exploring Coca-Cola Consolidated, Inc. (COKE) Investor Profile: Who's Buying and Why?
Community
The value of 'Community,' or 'To serve others,' drives their local impact across the 14 states and D.C. they operate in. They are a local bottler, so their success is tied to the health of their neighborhoods. For example, in September 2025, their back-to-school initiatives provided essential supplies and support for nearly 15,000 students and families and assisted over 2,700 teachers.
Here's the quick math on their community service:
- Teammate Service: In July 2025, their 39-student Applied Learning Internship program included a volunteer event where they sorted 3,000 pairs of shoes for those in need.
- Local Partnerships: They partnered with Charlotte FC in August 2025 to honor veterans and their families through the annual Military Cup Tournament.
Excellence
This value, 'To pursue excellence,' is where the financial results really show up. It's about operational efficiency and smart capital allocation. In fiscal year 2025, the company expects capital expenditures to be approximately $300 million, a significant investment aimed at optimizing the supply chain and driving future growth.
Their pursuit of excellence is clearly paying off in their product mix. In the third quarter of 2025, net sales for their Still beverage category, which includes brands like Monster, Powerade, and smartwater, increased by a strong 9.9%. Overall, this operational focus led to an income from operations of $246.6 million in Q3 2025, an increase of 8.6% over the same period in the prior year. That's how a commitment to doing things better translates to bottom-line growth.
Integrity
The final value is 'Integrity,' which is intrinsically linked to 'To grow profitably.' For a publicly traded company, this means transparent and ethical corporate governance. In March 2025, for instance, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal 2025, demonstrating a commitment to rigorous financial oversight.
A recent, major action that speaks to corporate integrity and strategic focus occurred in November 2025: the company bought back all of its common stock that had previously been held by The Coca-Cola Company. This move, valued at $2.4 million in stock, simplifies the ownership structure and reinforces Coca-Cola Consolidated's independent operational control, which is a massive show of confidence in their own long-term strategy and ethical stewardship.

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