News Release
THE COCA-COLA COMPANY REPORTS SECOND QUARTER AND YEAR-TO-DATE 2006 RESULTS
- Worldwide unit case volume up 4 percent for the second quarter.
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- Second quarter EPS of $0.78 benefiting from $0.04 for items impacting comparability; $0.74 before these items.
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- 8 percent growth in EPS in the quarter; 9 percent after considering items impacting comparability.
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Atlanta,
July
18, 2006 -
The Coca-Cola Company today reported second quarter earnings per share of $0.78, including a net benefit of $0.04 per share primarily due to a gain from the sale of shares in the initial public offering of the Turkish bottler. Earnings per share for the second quarter of 2005 were $0.72 and included a net benefit of $0.04 per share. Earnings per share increased 8 percent in the quarter and 9 percent after considering items impacting comparability.
Chairman and CEO Neville Isdell said, "We delivered another quarter of solid growth based on balanced performance across our global markets as well as our product portfolio. Through effective execution of our strategy and investments in key marketing initiatives such as the World Cup, we delivered 4 percent unit case volume growth - 3 percent in carbonated beverages and 5 percent in noncarbonated beverages. Continued strong growth in Brazil, China, Russia, as well as other emerging markets, in particular in Latin America, along with another solid quarter in North America and improved results in Europe drove our performance. Our results clearly demonstrate that the majority of our markets are performing well and more than offsetting the challenges we have in a few markets.
"We remain excited about the remainder of the year, as we maintain our focus on execution and continue to introduce successful beverages into key markets, such as the launch of Coca-Cola Zero in the UK, Germany, Spain and Belgium. We will also roll-out the "Coke Side of Life" campaign across the globe and continue to expand our portfolio. By leveraging proven successes across our system and course correcting in markets where challenges emerge, I have confidence that we will achieve our business objectives and, in doing so, create sustained growth and value for the benefit of our shareowners and other stakeholders."
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