Coca-Cola Consolidated Shares Fall as S&P 500 Posts Records; June in Focus for Margins
Coca-Cola Consolidated Inc. shares fell 0.8% Friday to $173.26, down 1.3% for the week, while major U.S. indexes hit record highs. The Charlotte-based bottler reported Q1 net sales up 16.9% but saw adjusted gross margin slip to 39.1% due to $35 million in higher input costs. About 504,000 shares traded Friday. Nasdaq resumes regular hours Monday after the Memorial Day holiday.