Coca-Cola Consolidated, Inc.

Coca-Cola Consolidated, Inc. distributes, markets, and manufactures nonalcoholic beverages across 14 states and the District of Columbia. Incorporated in 1980, the company and its predecessors have operated in the nonalcoholic beverage manufacturing and distribution business since 1902. It is the largest Coca-Cola bottler in the United States. Approximately 85% of its total bottle/can sales volume to retail customers comprises products from The Coca-Cola Company. The company also distributes products for other beverage companies, including Monster Energy Company and Keurig Dr Pepper Inc. The company offers a variety of nonalcoholic beverage products and flavors, encompassing both sparkling and still beverages. Sparkling beverages are carbonated, with Coca-Cola being the principal sparkling beverage. Still beverages include energy products and noncarbonated options such as bottled water, ready-to-drink tea, ready-to-drink coffee, enhanced water, juices, and sports drinks. Sales are categorized into two main groups: bottle/can sales and other sales. Bottle/can sales primarily consist of products packaged in plastic bottles and aluminum cans. Other sales include sales to other Coca-Cola bottlers, post-mix sales, transportation revenue, and equipment maintenance revenue. As of December 31, 2025, J. Frank Harrison, III, controlled 10,043,940 shares of the Company's Class B Common Stock, representing approximately 78% of the total voting power of the Company's outstanding Common Stock and Class B Common Stock on a consolidated basis.