Exhibit 99.1

 

GRAPHIC

Contacts:

Investors and Analysts:

Jackson Kelly

T +01 404.676.7563

 

Media:

Kenth Kaerhoeg

T +01 404.676.2683

pressinquiries@na.ko.com

The Coca-Cola Company

Global Public Affairs &

Communications Department

 

P.O. Box 1734

Atlanta, GA 30301

T +01 404.676.2683

 

GRAPHIC

 

THE COCA-COLA COMPANY REPORTS
FOURTH QUARTER AND FULL-YEAR 2010 RESULTS

 

Q4 and Full-Year Results Meet or Exceed All Long-Term Growth Targets

 

Today, our Company reports strong worldwide volume growth, with fourth quarter comparable EPS at the high end of our long-term growth target and full-year comparable EPS well ahead of our long-term growth target.  Our global momentum advances as we once again extend worldwide volume and value share gains in total nonalcoholic ready-to-drink beverages, driven by volume and value share gains in both sparkling and still beverages.

 

·                  Strong worldwide volume growth of 6% in the quarter and 5% for the full year.  Excluding the benefit of new cross-licensed brands, primarily Dr Pepper brands, worldwide volume growth was 5% in the quarter and for the full year, with organic volume growth in the quarter across every one of our five geographic operating groups.

 

·                  North America volume growth of 8% in the quarter and 2% for the full year.  Excluding new cross-licensed brands, North America organic volume was up 3% in the quarter and up 1% for the full year.

 

·                  Fourth quarter reported EPS was $2.46, with comparable EPS at $0.72, up 9%, including a $0.02 dilutive impact to comparable EPS as a result of the Coca-Cola Enterprises (CCE) transaction.  Full-year reported EPS was $5.06, with comparable EPS at $3.49, up 14%.

 

·                  Fourth quarter reported net revenue was $10.5 billion, with comparable currency neutral net revenue also at $10.5 billion, up 45%, including a 37% benefit from structural changes, principally related to the CCE transaction.   For the full year, reported net revenue was $35.1 billion, with comparable currency neutral net revenue of $34.5 billion, up 14%, including an 8% benefit from structural changes, principally related to the CCE transaction.

 

·                  Fourth quarter reported operating income was $1.2 billion, with comparable currency neutral operating income of $2.0 billion, up 10%, including a 3% benefit from structural changes, principally related to the CCE transaction.  For the full year, reported operating income was $8.4 billion, with comparable currency neutral operating income of $9.3 billion, up 11%, including a 1% benefit from structural changes, principally related to the CCE transaction.

 

·                  Worldwide volume growth was led by brand Coca-Cola, up 4% in the quarter and for the full year.  Global volume and value share gains in total nonalcoholic ready-to-drink (NARTD) beverages and across both sparkling and still beverages in the quarter and for the full year.

 

·                  Strong cash flow generated, with full-year cash from operations up 16% to $9.5 billion.

 

·                  Our transaction with CCE closed on plan and integration efforts are on schedule, with expected 2011 cost synergies of $140 to $150 million.

 

·                  Productivity initiatives are well on plan and on track to achieve our targeted $500 million in annualized savings by year-end 2011.

 


The following information was filed by Coca Cola Co (KO) on Wednesday, February 9, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Coca Cola Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Coca Cola Co.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account