
	Second Quarter 2025
(in thousands)	Nonalcoholic Beverages		All Other		Eliminations(1)		Total
Net sales	$	1,845,061	$	81,210	$	(70,752)	$	1,855,519
Cost of goods sold	1,121,401		44,880		(53,258)		1,113,023
Gross profit	723,660		36,330		(17,494)		742,496
Selling, delivery and administrative expenses:
Payroll costs(2)	$	294,939	$	13,151	$	—	$	308,090
Fleet costs(3)	23,262		6,690		—		29,952
Depreciation and amortization expense(4)	29,126		547		—		29,673
All other segment items(5)	112,469		7,722		(17,494)		102,697
Total selling, delivery and administrative expenses	459,796		28,110		(17,494)		470,412
Income from operations	$	263,864	$	8,220	$	—	$	272,084

Total depreciation and amortization expense(4)	$	49,386	$	5,379	$	—	$	54,765


	Second Quarter 2024
(in thousands)	Nonalcoholic Beverages		All Other		Eliminations(1)		Total
Net sales	$	1,780,152	$	86,598	$	(70,807)	$	1,795,943
Cost of goods sold	1,077,535		54,485		(52,787)		1,079,233
Gross profit	702,617		32,113		(18,020)		716,710
Selling, delivery and administrative expenses:
Payroll costs(2)	$	283,052	$	13,392	$	—	$	296,444
Fleet costs(3)	25,701		7,671		—		33,372
Depreciation and amortization expense(4)	25,482		495		—		25,977
All other segment items(5)	113,357		6,440		(18,020)		101,777
Total selling, delivery and administrative expenses	447,592		27,998		(18,020)		457,570
Income from operations	$	255,025	$	4,115	$	—	$	259,140

Total depreciation and amortization expense(4)	$	43,723	$	3,935	$	—	$	47,658


	First Half 2025
(in thousands)	Nonalcoholic Beverages		All Other		Eliminations(1)		Total
Net sales	$	3,414,061	$	157,198	$	(135,763)	$	3,435,496
Cost of goods sold	2,076,336		90,173		(100,613)		2,065,896
Gross profit	1,337,725		67,025		(35,150)		1,369,600
Selling, delivery and administrative expenses:
Payroll costs(2)	$	560,872	$	25,923	$	—	$	586,795
Fleet costs(3)	47,089		14,373		—		61,462
Depreciation and amortization expense(4)	57,380		1,085		—		58,465
All other segment items(5)	221,277		14,847		(35,150)		200,974
Total selling, delivery and administrative expenses	886,618		56,228		(35,150)		907,696
Income from operations	$	451,107	$	10,797	$	—	$	461,904

Total depreciation and amortization expense(4)	$	97,434	$	10,704	$	—	$	108,138


	First Half 2024
(in thousands)	Nonalcoholic Beverages		All Other		Eliminations(1)		Total
Net sales	$	3,354,864	$	174,700	$	(141,995)	$	3,387,569
Cost of goods sold	2,023,991		111,246		(104,937)		2,030,300
Gross profit	1,330,873		63,454		(37,058)		1,357,269
Selling, delivery and administrative expenses:
Payroll costs(2)	$	545,749	$	26,668	$	—	$	572,417
Fleet costs(3)	51,779		15,786		—		67,565
Depreciation and amortization expense(4)	50,539		989		—		51,528
All other segment items(5)	215,639		12,632		(37,058)		191,213
Total selling, delivery and administrative expenses	863,706		56,075		(37,058)		882,723
Income from operations	$	467,167	$	7,379	$	—	$	474,546

Total depreciation and amortization expense(4)	$	86,821	$	7,588	$	—	$	94,409

(1)The entire net sales elimination represents net sales from the All Other segment to the Nonalcoholic Beverages segment. The entire cost of goods sold and SD&A eliminations represent costs incurred by the All Other segment in the generation of net sales to the Nonalcoholic Beverages segment.

(4)Total depreciation and amortization expense is included within both cost of goods sold and SD&A expenses. For segment reporting, the difference between total depreciation and amortization expense and the portion within SD&A expenses is the amount within cost of goods sold.

(5)All other segment items includes information technology costs, stewardship, insurance and other costs incurred in the selling and delivery of the Company’s products.