Coca-Cola Bottling Co. Consolidated engages in the production, marketing, and distribution of nonalcoholic beverages, primarily products of The Coca-Cola Company (The Coca-Cola Company). The company holds Cola beverage agreements and Allied beverage agreements under which it produces, distributes and markets, in certain regions comprising the Legacy Territories, sparkling beverages of The Coca-Cola Company. The company also holds Still Beverage Agreements under which it distributes and markets in certain regions comprising the Legacy Territories still beverages of The Coca-Cola Company, such as POWERade, vitaminwater and Minute Maid Juices To Go and produces, distributes and markets Dasani water products. The company’s principal sparkling beverage is Coca-Cola. The company offers a range of flavors designed to meet the demands of its consumers. The main packaging materials for the company’s beverages are plastic bottles and aluminum cans. In addition, the company provides restaurants and other immediate consumption outlets with fountain products (post-mix). The company has also developed, marketed and distributed certain products which it owns. These products include Tum-E Yummies, a vitamin-C enhanced flavored drink, and Fuel in a Bottle power shots. The company markets and sells these products nationally. Coca-Cola Refreshments USA, Inc. (CCR) distributes Tum-E Yummies nationally. Certain other Coca-Cola franchise bottlers also distribute Tum-E Yummies in the regions they serve. The company holds various contracts with The Coca-Cola Company which entitle the company to produce, market and distribute in the company’s Legacy Territories The Coca-Cola Company’s nonalcoholic beverages in bottles, cans and five gallon pressurized pre-mix containers. The company has similar arrangements for the company’s Legacy Territories with Dr Pepper Snapple Group, Inc. and other beverage companies. For the Expansion Territories acquired in 2014, the company holds its rights to market and distribute The Coca-Cola Company’s nonalcoholic beverages under a Comprehensive Beverage Agreement for each Expansion Territory that does not include the right to produce such beverages. Instead, the company and CCR have entered into a Finished Goods Supply Agreement for each Expansion Territory pursuant to which the company purchases from CCR substantially all of the company’s requirements for The Coca-Cola Company’s nonalcoholic beverages and related products and for the cross-licensed brands the company has the right to market and distribute in such Expansion Territory. Markets The company holds bottling rights in its Legacy Territories from The Coca-Cola Company covering the majority of North Carolina, South Carolina and West Virginia, and portions of Alabama, Mississippi, Tennessee, Kentucky, Virginia, Pennsylvania, Georgia and Florida. Customers The company’s products are sold and distributed directly to retail stores and other outlets, including food markets, institutional accounts and vending machine outlets. The company’s largest customer, Wal-Mart Stores, Inc., accounted for approximately 22% of the company’s total bottle/can volume and approximately 15% of the company’s total net sales during 2014. The company’s second largest customer, Food Lion, LLC, accounted for approximately 9% of the company’s total bottle/can volume and approximately 6% of the company’s total net sales during 2014. The company sells its products primarily in nonrefillable bottles and cans, in varying proportions from market to market. Suppliers The company purchases all of its plastic bottles (12-ounce, 16-ounce, 20-ounce, 24-ounce, 0.5-liter, 1-liter, 1.25-liter, 2-liter, 253 ml and 300 ml sizes) from manufacturing plants owned and operated by Southeastern Container and Western Container, two entities owned by various Coca-Cola bottlers, including the company. The company obtains all of its aluminum cans (7.5-ounce, 12-ounce and 16-ounce sizes) from two domestic suppliers. Seasonality Sales of the company’s products are seasonal with the highest sales volume occurring in the second and third quarters. The company has adequate production capacity to meet sales demand for sparkling and still beverages during these peak periods. Regulations As a manufacturer, distributor and seller of beverage products of The Coca-Cola Company and other soft drink manufacturers in exclusive territories, the company is subject to antitrust laws of general applicability. History Coca-Cola Bottling Co. Consolidated was founded in 1902. The company was incorporated in 1980.
coca-cola bottling co consol
(COKE:Consolidated Issue Listed on NASDAQ Global Select )
4100 Coca-Cola Plaza
Charlotte, NC 28211
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