THE COCA-COLA COMPANY REPORTS
FIRST QUARTER 2016 RESULTS
• Reported net revenue declined 4% and organic revenue grew 2% in the quarter,
impacted by one less day in our reporting calendar.
• Reported EPS was $0.34 and comparable EPS was $0.45.
• Global volume grew 2%.
• Global price/mix was a positive 1%, as solid underlying pricing was partially offset
by segment mix.
• Comparable currency neutral operating margin expanded.
• Gained global value share in nonalcoholic ready-to-drink beverages.
• Full-year comparable currency neutral earnings outlook remains unchanged.
ATLANTA, April 20, 2016 – The Coca-Cola Company today reported first quarter 2016 operating
results. “We continue to transform The Coca-Cola Company into a company that is focused on
our core value creation model of building strong brands, enhancing customer value and leading
our franchise system,” said Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola
Company. “Amidst a challenging global macro environment, the continued focus on our five
strategic initiatives enabled us to gain global value share in the first quarter and deliver positive
top-line growth and strong underlying margin expansion. Our operating results are driven by our
commitment to sustainable growth, and we are confident that we have the right strategies in
place to achieve our full-year outlook and drive long-term value for our system and shareowners.”