Coca-Cola delivers strong first quarter 2007 results

The Coca-Cola Company has reported first quarter earnings per share of $0.54, which included a net charge primarily related to an asset write-off in the Philippines bottler, partially offset by gains on the sales of the equity interest in a Brazilian bottler and real estate in Spain. After considering items impacting comparability, earnings per share were $0.56.

Earnings per share increased 15 percent on a reported basis and 14 percent after considering items impacting comparability in both the current and prior years. Earnings per share for the first quarter of 2006 were $0.47 and included a net charge of $0.02 per share.

Chairman and CEO Neville Isdell reports, "You can track our progress bottle by bottle around the globe. We grew both sparkling and still beverages while efficiently allocating our resources.”