Coca-Cola Bottling Co. Consolidated Misses Where it Counts
Coca-Cola Bottling Co. Consolidated (NAS: COKE) filed its 10-K on March 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Coca-Cola Bottling beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP EPS shrank significantly.
Margins contracted across the board.
Coca-Cola Bottling reported revenue of $372.9 million. The one analyst polled by S&P Capital IQ hoped for net sales of $368.5 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $354.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.51. The two earnings estimates compiled by S&P Capital IQ anticipated $0.54 per share on the same basis. GAAP EPS of $0.20 for Q4 were 51% lower than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.7%, 250 basis points worse than the prior-year quarter. Operating margin was 4.0%, 130 basis points worse than the prior-year quarter. Net margin was 0.5%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $369.8 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $3.66.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 575 members rating the stock outperform and 40 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Coca-Cola Bottling a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coca-Cola Bottling is hold, with an average price target of $58.00.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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