Delaware (State or other jurisdiction of incorporation or organization)

56-0950585 (I.R.S. Employer Identification No.)

Class				Outstanding at November 1, 2002
Common Stock, $1.00 Par Value				6,642,477
Class B Common Stock, $1.00 Par Value				2,380,852

		Third Quarter							First Nine Months
		2002				2001			2002				2001
Net sales (includes sales to Piedmont of $20,591 and $54,545 in 2001)		$	333,047			$	258,600		$	957,364			$	744,638
Cost of sales, excluding depreciation shown below (includes $14,535 and $40,224 related to sales to Piedmont in 2001)			179,129				142,645			509,193				407,853
Gross margin			153,918				115,955			448,171				336,785
Selling, general and administrative expenses, excluding depreciation shown below			102,961				76,377			306,465				226,701
Depreciation expense			19,405				16,810			56,247				49,208
Amortization of goodwill and intangibles			683				3,721			2,056				11,161
Income from operations			30,869				19,047			83,403				49,715
Interest expense			11,454				10,764			35,471				34,245
Other income (expense), net			(221	)			88			(1,770	)			(1,765	)
Minority interest			2,672							6,195
Income before income taxes			16,522				8,371			39,967				13,705
Federal and state income taxes			6,983				456			16,267				2,563
Net income		$	9,539			$	7,915		$	23,700			$	11,142
Basic net income per share		$	1.08			$	.90		$	2.69			$	1.27
Diluted net income per share		$	1.07			$	.90		$	2.67			$	1.26
Weighted average number of common shares outstanding			8,864				8,753			8,807				8,753
Weighted average number of common shares outstanding—assuming dilution			8,924				8,818			8,887				8,822
Cash dividends per share
Common Stock		$	.25			$	.25		$	.75			$	.75
Class B Common Stock		$	.25			$	.25		$	.75			$	.75

		Sept. 29, 2002			Dec. 30, 2001			Sept. 30, 2001
ASSETS
Current Assets:
Cash		$	8,286		$	16,912		$	6,252
Accounts receivable, trade, less allowance for doubtful accounts of $1,754, $1,863 and $950			84,365			63,974			63,762
Accounts receivable from The Coca-Cola Company			19,965			3,935			7,860
Accounts receivable, other			6,479			5,253			4,611
Inventories			42,433			39,916			37,180
Prepaid expenses and other current assets			16,812			13,379			14,688
Total current assets			178,340			143,369			134,353
Property, plant and equipment, net			467,281			457,306			465,838
Leased property under capital leases, net			44,593			5,383			6,053
Investment in Piedmont Coca-Cola Bottling Partnership						60,203			60,229
Other assets			61,909			52,140			60,544
Franchise rights and goodwill, net			607,007			335,662			338,549
Other identifiable intangible assets, net			6,658			10,396			11,644
Total		$	1,365,788		$	1,064,459		$	1,077,210

		Sept. 29, 2002				Dec. 30, 2001				Sept. 30, 2001
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Portion of long-term debt payable within one year		$	154,731			$	56,708			$	56,891
Current portion of obligations under capital leases			3,717				1,489				1,713
Accounts payable, trade			35,238				28,370				31,163
Accounts payable to The Coca-Cola Company			41,477				7,925				9,543
Due to Piedmont Coca-Cola Bottling Partnership							24,682				23,746
Accrued compensation			16,912				17,350				11,817
Other accrued liabilities			66,985				49,169				44,453
Accrued interest payable			16,179				11,878				13,310
Total current liabilities			335,239				197,571				192,636
Deferred income taxes			170,012				133,743				149,309
Pension and retiree benefit obligations			31,603				37,203				24,950
Other liabilities			61,782				57,770				51,170
Obligations under capital leases			41,985				935				1,256
Long-term debt			620,125				620,156				626,256
Total liabilities			1,260,746				1,047,378				1,045,577
Commitments and Contingencies (Note 11)
Minority interest in Piedmont Coca-Cola Bottling Partnership			62,332
Stockholders’ Equity:
Common Stock, $1.00 par value:
Authorized—30,000,000 shares;
Issued—9,653,774, 9,454,651 and 9,454,651 shares			9,653				9,454				9,454
Class B Common Stock, $1.00 par value:
Authorized—10,000,000 shares;
Issued—3,008,966, 2,989,166 and 2,989,166 shares			3,009				2,989				2,989
Capital in excess of par value			94,209				91,004				93,192
Retained earnings (accumulated deficit)			9,176				(12,307	)			(10,635	)
Accumulated other comprehensive loss			(12,083	)			(12,805	)			(2,113	)
			103,964				78,335				92,887
Less-Treasury stock, at cost:
Common—3,062,374 shares			60,845				60,845				60,845
Class B Common—628,114 shares			409				409				409
Total stockholders’ equity			42,710				17,081				31,633
Total		$	1,365,788			$	1,064,459			$	1,077,210

Common Stock

Class B Common Stock

Capital in Ex