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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 29, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data

The unaudited quarterly financial data for the fiscal years ended December 29, 2019 and December 30, 2018 is included in the following tables. Sales volume has historically been the highest in the second and third quarter of each fiscal year. Additional meaningful financial information is included in the table following each presented period.

 

 

 

Quarter Ended

 

(in thousands, except per share data)

 

March 31,

2019

 

 

June 30,

2019

 

 

September 29,

2019

 

 

December 29,

2019

 

Net sales

 

$

1,102,912

 

 

$

1,273,659

 

 

$

1,271,029

 

 

$

1,178,949

 

Gross profit

 

 

389,308

 

 

 

435,779

 

 

 

432,224

 

 

 

413,191

 

Income from operations

 

 

20,154

 

 

 

67,214

 

 

 

53,846

 

 

 

39,540

 

Net income (loss) attributable to Coca-Cola Consolidated, Inc.

 

 

(6,831

)

 

 

15,370

 

 

 

13,006

 

 

 

(10,170

)

Basic net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

$

(0.73

)

 

$

1.64

 

 

$

1.39

 

 

$

(1.09

)

Class B Common Stock

 

$

(0.73

)

 

$

1.64

 

 

$

1.39

 

 

$

(1.09

)

Diluted net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

$

(0.73

)

 

$

1.64

 

 

$

1.38

 

 

$

(1.08

)

Class B Common Stock

 

$

(0.73

)

 

$

1.63

 

 

$

1.38

 

 

$

(1.09

)

 

Additional Information for 2019:

 

Quarter Ended

 

(in thousands)

 

March 31,

2019

 

 

June 30,

2019

 

 

September 29,

2019

 

 

December 29,

2019

 

Pre-tax expense impact:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses related to the System Transformation

 

$

(4,730

)

 

$

(2,185

)

 

$

-

 

 

$

-

 

Expenses related to supply chain and asset optimization

 

 

-

 

 

 

(1,294

)

 

 

(3,581

)

 

 

(5,702

)

 

 

 

Quarter Ended

 

(in thousands, except per share data)

 

April 1,

2018

 

 

July 1,

2018

 

 

September 30,

2018

 

 

December 30,

2018

 

Net sales

 

$

1,064,757

 

 

$

1,220,003

 

 

$

1,204,033

 

 

$

1,136,571

 

Gross profit

 

 

357,641

 

 

 

404,708

 

 

 

412,716

 

 

 

380,647

 

Income (loss) from operations

 

 

(18,997

)

 

 

19,679

 

 

 

44,404

 

 

 

12,816

 

Net income (loss) attributable to Coca-Cola Consolidated, Inc.

 

 

(14,185

)

 

 

(3,933

)

 

 

25,164

 

 

 

(26,976

)

Basic net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

$

(1.52

)

 

$

(0.42

)

 

$

2.69

 

 

$

(2.88

)

Class B Common Stock

 

$

(1.52

)

 

$

(0.42

)

 

$

2.69

 

 

$

(2.88

)

Diluted net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

$

(1.52

)

 

$

(0.42

)

 

$

2.69

 

 

$

(2.88

)

Class B Common Stock

 

$

(1.52

)

 

$

(0.42

)

 

$

2.68

 

 

$

(2.87

)

 

Additional Information for 2018:

 

Quarter Ended

 

(in thousands)

 

April 1,

2018

 

 

July 1,

2018

 

 

September 30,

2018

 

 

December 30,

2018

 

Pre-tax income/(expense) impact:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses related to the System Transformation

 

$

(12,450

)

 

$

(9,871

)

 

$

(10,417

)

 

$

(10,598

)

Gain on exchange transactions

 

 

-

 

 

 

-

 

 

 

10,170

 

 

 

-

 

Expenses related to workforce optimization

 

 

-

 

 

 

(4,810

)

 

 

-

 

 

 

(3,745

)