NasdaqGS:COKEBeverage
Coca-Cola Consolidated (COKE) Stock Rises As Margin Squeeze Clouds Revenue Strength
Coca-Cola Consolidated stock closed up 1.9% at US$188.22, even though the past week left holders slightly underwater. The move came on the back of a Q2 earnings print that put profit quality in the spotlight rather than just headline growth.
The key story is margin and profit squeeze. Trailing 12 month net profit margin sits at 7.2%, down from 8.4% a year earlier, and earnings over the most recent year moved against a five year earnings growth rate of 19%. Short term traders reacted...