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Coca-Cola Consolidated, Inc. (COKE)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

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981.15

+123.27

(+14.37%)

As of 10:18AM EDT. Market open.

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GlobeNewswire
Coca-Cola Consolidated Reports First Quarter 2024 Results and Announces the Intention to Repurchase Up to $3.1 Billion of its Common Stock
Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023.Operating margin for the first quarter of 2024 was 13.5% as compared to 13.1% for the first quarter of 2023, an increase of 40 basis points.The Company intends to purchase up to $3.1 billion of its Common Stock through both a modified “Dutch auction” tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement with The Coca‑Cola Company.
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Coca-Cola Consolidated (NASDAQ:COKE) jumps 3.8% this week, though earnings growth is still tracking behind three-year shareholder returns
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...