Coca-Cola Consolidated Stock Slides 16% as Q1 Sales Jump Masks Margin Hit

Coca-Cola Consolidated, Inc. dropped roughly 16.6% by Thursday afternoon, sliding to $175.60—a $34.92 loss—after posting upbeat first-quarter sales but coming up shy on adjusted profit. That mixed outcome sent cost worries straight to the forefront for the biggest U.S. bottler. Shares of Coca-Cola Co. edged a bit lower, while PepsiCo and Keurig Dr Pepper traded slightly up.

US Stock Market Today Updates

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Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆
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Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆
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Alphabet Class A

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Applied Materials

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JPMorgan Chase

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MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Consumer Confidence • 10:00 ET

A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.

#2

New Home Sales • 10:00 ET

Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.

#3

Intuit earnings • After close

Guidance can influence software multiples and sentiment around U.S. small-business activity.

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Times and estimates may change. Verify before trading.