The Coca-Cola Company reports First Quarter 2014 results

Volume and value share gains in nonalcoholic ready-to-drink beverages

2% global volume growth with 2% global price/mix

First Quarter 2014 Highlights

• Global unit case volume grew 2%. Coca-Cola International volume grew 2% while North America’s volume was even.   
• Reported net revenues declined 4%.  Excluding the impact of structural changes, comparable currency neutral net revenues grew 2%.
• Reported operating income declined 1%.  Excluding the impact of structural changes, comparable currency neutral operating income grew 7% while we accelerated investments behind our brands.
• Reported EPS was $0.36, down 6%, and comparable EPS was $0.44, down 4%.  Comparable currency neutral EPS increased 5%.
• Gained both global volume and value share in nonalcoholic ready-to-drink beverages, with value share gains ahead of volume share gains.
• As part of the expansion of our productivity and reinvestment program announced in February, we are on track to invest an incremental $400 million in 2014 media initiatives in order to accelerate top-line growth. 
• Cash from operations was $1.1 billion.