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.
