🟢 Coca-Cola Consolidated is trading 5% up in pre-market after Q3 EPS beat estimates

Coca-Cola Consolidated is trading 4.81% higher at $214.01 in pre-market on November 5 after releasing Q3 results after the November 4 close.

• Reported adjusted earnings of $2.63 per share, net sales of $1.99 billion, and net income growth of 23.6% year over year; EPS beat estimates, while revenue missed.
• Operating income strengthened; operating margin rose 60 basis points despite an 80-basis-point gross margin decline. Consumer staples gained 1.52% pre-market; earnings were the clearer company-specific catalyst.