Answer:
Results
November 03, 2020 16:10 ET
| Source: Coca-Cola Consolidated, Inc.
★ Third quarter 2020 net sales increased 4.5% versus the third quarter of 2019, with physical case volume up 3.9% for the quarter(a).
★ Gross profit increased $40.2 million, or 9.3%, in the third quarter of 2020. Gross margin improved 160 basis points due to selling price increases and favorable input costs.
★ Third quarter 2020 income from operations was $103.8 million, up $50.0 million. On an adjusted(b) basis, income from operations increased $46.5 million versus the third quarter of 2019.
Explanation:
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