Coca-Cola Consolidated (COKE) risk factors, FY2025 10-K

Coca-Cola Consolidated's FY2025 10-K, filed Feb 18, 2026, lists 19 risk factors. Against the prior year's 19: 2 new, 2 dropped, 4 substantially reworded.

Risk factors listed
191 groups
New this year
2vs 19 last year
Dropped
2since the prior 10-K
Substantially reworded
4of those kept
Section length
7k wordsItem 1A

What the changes say

  • Climate-related risks are expanded to include water restrictions, supply disruption, product mix shifts and regulatory responses.
  • Counterparty financial-institution failures are newly identified as threats to capital access and recovery of deposited assets.
  • Harrison family voting control increased from about 72% to 78%, or potentially 83% after share exchange.
  • Trade-policy disclosure now references developments in 2025, while economic, litigation and weather risks are consolidated or refined.

What changed since the prior 10-K

New

  • NewRisks Related to Our Business

    delinquencies and bankruptcies, which would increase the risk of collectability of certain accounts. Each of these factors could adversely affect the Company’s overall business, financial condition and results of operations

    Bank defaults or bankruptcies could limit recovery of deposited assets and reduce the Company’s access to capital.

  • NewRisks Related to Our Business

    amounts is reasonably possible as a result of these claims, the Company faces risk of an adverse effect on its results of operations, financial position or cash flows, depending on the outcome of the legal proceedings

    Climate change, severe weather, drought, water restrictions, storms and related regulation could reduce sales, disrupt sourcing, raise costs or shift products toward lower margins.

Dropped

  • DroppedRisks Related to Our Business

    Natural disasters, changing weather patterns and unfavorable weather could negatively impact the Company’s business, financial condition and future results of operations or profitability

  • DroppedRisks Related to Our Business

    Climate change may have a long-term adverse impact on our business and results of operations

Reworded

  • 68% rewrittenRisks Related to Our Business

    The Company’s financial condition can be impacted by the performance of the general economy

    The economic-risk discussion continues to cover weaker demand, inflation, margins and customer delinquencies, with the current text truncated before the conclusion.

    Was: The Company’s financial condition can be impacted by the stability of the general economy

  • 47% rewrittenRisks Related to Our Business

    Changes in trade policies, including the imposition of, or increase in, tariffs on imported goods, could negatively affect our business

    The trade-policy risk now adds a 2025-specific reference after describing tariffs’ effects on costs, affordability, demand and customer stability.

  • 27% rewrittenRisks Related to Our Business

    Litigation or legal proceedings could expose the Company to significant liabilities and damage the Company’s reputation

    The litigation risk retains the same lawsuits, reserves and potential adverse-outcome discussion, but the current text is truncated before the conclusion.

  • 24% rewrittenRisks Related to Our Business

    The concentration of the Company’s capital stock ownership with our Chairman and Chief Executive Officer limits other stockholders’ ability to influence corporate matters

    Harrison’s controlled Class B shares increased from 1,004,394 to 10,043,940, raising voting power from about 72% to 78%; potential control rose from 78% to 83%.

All 19 risk factors

Headings as the filing states them, in filing order.

Risks Related to Our Business

  1. 01The Company’s business and results of operations may be adversely affected by increased costs or disruption, unavailability or shortages of raw materials, fuel and other supplies
  2. 02The reliance on purchased finished products from external sources could have an adverse impact on the Company’s profitability
  3. 03Changes in public and consumer perception and preferences, including concerns related to product safety and sustainability, artificial ingredients, brand reputation and obesity, could reduce demand for the Company’s products and reduce profitability
  4. 04Changes in government regulations related to nonalcoholic beverages, including regulations related to obesity, public health, artificial ingredients, recycling, sustainability, product safety and benefit programs, including SNAP, could reduce demand for the Company’s products and reduce profitability
  5. 05Provisions in certain of our material agreements, including the CBA and the RMA with The Coca‑Cola Company, could delay or prevent a change in control of the Company or a sale of the Company’s Coca‑Cola distribution or manufacturing businesses
  6. 06The concentration of the Company’s capital stock ownership with our Chairman and Chief Executive Officer limits other stockholders’ ability to influence corporate matters24% rewritten
  7. 07The Company’s inability to meet requirements under its beverage agreements could result in the loss of distribution and manufacturing rights
  8. 08Changes in the inputs used to calculate the Company’s acquisition related contingent consideration liability could have a material adverse impact on the Company’s financial condition and results of operations
  9. 09The Company’s financial condition can be impacted by the performance of the general economy68% rewritten
  10. 10delinquencies and bankruptcies, which would increase the risk of collectability of certain accounts. Each of these factors could adversely affect the Company’s overall business, financial condition and results of operationsNew
  11. 11Changes in trade policies, including the imposition of, or increase in, tariffs on imported goods, could negatively affect our business47% rewritten
  12. 12The concentration risks among the Company’s customers and suppliers could impact our sales and our ability to access necessary product inputs at commercially advantageous prices
  13. 13The Company may not be able to respond successfully to changes in the marketplace
  14. 14Changes in the Company’s level of debt, borrowing costs and credit ratings could impact the Company’s access to capital and credit markets, restrict the Company’s operating flexibility and limit the Company’s ability to obtain additional financing to fund future needs
  15. 15Failure to attract, train and retain qualified employees while controlling labor costs and other labor issues could have an adverse effect on the Company’s reputation, business, financial condition and results of operations
  16. 16Failure to maintain productive relationships with our employees covered by collective bargaining agreements, including failing to renegotiate collective bargaining agreements, could have an adverse effect on the Company’s business, financial condition and results of operations
  17. 17Changes in tax laws, disagreements with tax authorities or additional tax liabilities could have a material adverse impact on the Company’s financial condition and results of operations
  18. 18Litigation or legal proceedings could expose the Company to significant liabilities and damage the Company’s reputation27% rewritten
  19. 19amounts is reasonably possible as a result of these claims, the Company faces risk of an adverse effect on its results of operations, financial position or cash flows, depending on the outcome of the legal proceedingsNew

Other Coca-Cola Consolidated 10-Ks

  • FY2024 10-K risk factors
    19 risks

    The company relies heavily on its operational agreements with The Coca-Cola Company for manufacturing and distribution rights. High debt levels, large acquisition-related contingent liabilities, and concentrated CEO voting control dominate the risk profile.

    Filed Feb 20, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.