Exhibit 99.1

CONTACT:    Investors: Jackson Kelly

(404) 676-7563

Media:  Dana Bolden

(404) 676-2683

pressinquiries@na.ko.com

THE COCA-COLA COMPANY REPORTS
2009 FOURTH QUARTER AND FULL YEAR RESULTS

Today, our Company reports continued worldwide unit case volume growth in 2009, which drove share gains in sparkling, still and total nonalcoholic ready-to-drink beverages for the year, and full year profit growth in line with our long-term target.

·                  Strong worldwide unit case volume growth of 5% in the quarter and 3% for the full year, in line with our long-term volume target, and driven by international volume growth of 6% in the quarter and 4% for the full year.

·                  Fourth quarter reported EPS was $0.66, up 53%, with comparable EPS up 3% to $0.66.  Full year reported EPS was $2.93, up 18%, while comparable EPS was down 3% to $3.06 reflecting a negative currency impact.

·                  Reported operating income increased 4% in the quarter, and decreased 3% for the full year.  Comparable currency neutral operating income was even for the quarter, and grew 7% for the full year, in line with our long-term target.

·                  Strong cash flow generation continued, with full year cash from operations up 8% to $8.2 billion.

·                  Global nonalcoholic ready-to-drink beverage volume and value share gains continued for the tenth consecutive quarter.

·                  Productivity initiatives are well on track to achieve our goal of $500 million in annualized savings by year-end 2011, with more than half of the savings realized by year-end 2009.

ATLANTA, Feb. 9, 2010 — The Coca-Cola Company reports solid fourth quarter 2009 operating results, with unit case volume increasing 5%, successfully cycling 4% growth in the prior year quarter.  For the full year, unit case volume increased 3%, in line with our long-term volume target.  Internationally, we achieved broad-based unit case volume growth of 6% in the fourth quarter, cycling 6% growth in the prior year quarter.  In the quarter, unit case volume increased strongly in key emerging markets (China +29%, India +20%), developing markets (Brazil +8%, Mexico +4%) and developed markets (France +12%, Germany +3%).  Further, in the 118 countries with per capita consumption of Company products less than 150 eight-ounce servings per year, we achieved 12% unit case volume growth in the quarter.

We gained volume and value share globally in nonalcoholic ready-to-drink (NARTD) beverages for the tenth consecutive quarter with share gains across most key categories.  For the year, we gained volume and value share in total NARTD beverages as well as in both the sparkling and still beverage categories.  The combined power of the global “Open Happiness” campaign and the strength of holiday programs drove growth in brand Coca-Cola.  Brand Coca-Cola unit case volume grew a solid 4% in the quarter, with strong growth across global  markets, including 22% in India, 13% in China, 12% in France, 5% in Mexico and 4% in Germany.  Total sparkling beverage unit case volume increased 3% in the quarter, with international sparkling beverage unit case volume increasing 5%, cycling 4% growth in the prior year quarter.  Total still beverage unit case volume increased 9% in the quarter, led by growth across the portfolio, including juices and fruit stills, teas and water brands.  Still beverage unit case volume increased 14% internationally and was even in North America.

“We ended this year on a high note, delivering global volume and value share gains, comparable currency neutral revenue growth, improved productivity and increased cash flows,” said Muhtar Kent, Chairman and Chief Executive Officer, The Coca-Cola Company.

“In a year marked by unprecedented economic uncertainty, our foundation – leading brands, unmatched global footprint, great bottling partners and a solid financial position – proved that we have the right ingredients for growth even under challenging economic conditions.  Early last year we committed to align our Company and our system to emerge from this global crisis stronger.  Our performance results for the year underscore that we are doing just that.  Now, with our 2020 Vision as our roadmap, we look forward to entering our

2

next decade of growth as we work closely together with our bottling partners to usher in a new era of winning for the Coca-Cola system.”

FINANCIAL HIGHLIGHTS

·                  Fourth quarter 2009 reported net revenues increased 5% and were impacted by six fewer selling days, which offset the impact of five additional selling days in first quarter 2009 results.  Excluding the impact of six fewer selling days, we estimate that fourth quarter currency neutral net revenues would have been in line with our long-term target.  Reported net revenues for the full year decreased 3%.  Excluding structural changes, full year net revenues increased 4% on a comparable currency neutral basis.

·                  Fourth quarter 2009 reported operating income increased 4%, and comparable currency neutral operating income was even.  Excluding the impact of six fewer selling days, we estimate that fourth quarter comparable currency neutral operating income would have been ahead of our long-term target.  Reported operating income for the full year decreased 3%.  Comparable currency neutral full year operating income increased 7%, in line with our long-term growth target.  This was driven by a continued strong focus on cost management and the leveraging of productivity initiatives.

·                  Cash from operations for the full year increased 8% to $8.2 billion, and we repurchased $1.5 billion of our stock for the full year.

OPERATING REVIEW

3

Eurasia & Africa

·                  Our Eurasia and Africa Group’s unit case volume increased 5% in the quarter, cycling 7% growth in the prior year quarter.  Full year unit case volume increased 4%, cycling 7% growth in the prior year.  Net revenues for the quarter increased 7%, reflecting a 6% increase in concentrate sales and a positive currency impact, partially offset by the impact of six fewer selling days in the quarter as well as negative price/mix.  Reported operating income increased 11% in the quarter.  Comparable currency neutral operating income increased 7% in the quarter due to the increase in concentrate sales and focused expense management.  For the full year, reported operating income decreased 3%, while comparable currency neutral operating income increased 12% as the group continued to focus on driving favorable operating leverage.

·                  In Eurasia and Africa, sparkling beverages increased 4% and still beverages increased 9% in the quarter, with brand Coca-Cola growing 2%.  The growth in unit case volume was led by a 20% increase in India, cycling a 28% increase in the prior year quarter.  Africa also reported strong unit case volume growth in the quarter with the East and Central Region growing 12%, cycling 5% growth in the prior year quarter, and the North and West Region also growing 12%, cycling 6% growth in the prior year quarter.  Russia gained share in total NARTD beverages and in sparkling beverages for the year while reporting a unit case volume decline of 13% in the quarter and a decline of 14% for the year.  The results in Russia continue to reflect the impact of a challenging economic environment.

4

·                  In the quarter, Eurasia and Africa gained share in NARTD beverages.  India gained volume and value share across most categories, including sparkling, still and juice and juice drinks.

Europe

·                  Our Europe Group’s unit case volume increased 1% in the quarter, cycling 2% growth in the prior year quarter, demonstrating sequential improvement relative to the first nine months of the year in very challenging economic conditions.  Unit case volume for the year decreased 1%, cycling 3% growth in the prior year.  Net revenues for the quarter increased 1%, primarily driven by a 6% positive currency impact partially offset by a 5% decline in concentrate sales as a result of six fewer selling days in the quarter.  Reported operating income decreased 1% in the quarter, with comparable currency neutral operating income also decreasing 1% on lower concentrate sales, partially offset by tight expense management.  For the full year, reported operating income is down 7% while comparable currency neutral operating income increased 4% as the group continues to drive efficiencies and effectiveness in overall SG&A spend.

·                  Unit case volume growth in the quarter was driven by France, Great Britain, Germany and Italy, with strong growth in brand Coca-Cola.  This growth was partially offset by results in Eastern Europe which continue to be impacted by challenging economic conditions.

·                  In the quarter, Europe gained value share in total NARTD beverages as did Spain, France, Germany, Great Britain and Italy.  For the full year, we achieved both volume and value share gains in Europe and across most key countries.

Latin America

·                  Our Latin America Group continued to deliver strong unit case volume growth with 7% growth in the quarter, cycling 6% growth in the prior year quarter.  Unit case volume for the year increased 6%, cycling 8% growth in the prior year.  Net revenues for the quarter increased 19%, primarily due to a high single-digit benefit from price/mix, combined with 4% concentrate sales growth and a positive currency impact, partially offset by the impact of six fewer selling days in the quarter.  Reported operating income was up 11% in the quarter, with comparable currency neutral operating income up 16%, primarily reflecting the solid revenue growth and consistent investment behind both our sparkling and still

5

brands.  For the full year, reported operating income was down 3%, but was up 15% on a comparable currency neutral basis due to continued favorable volume and pricing.

·                  Strong unit case volume growth in the quarter was led by an 8% increase in Brazil, a 4% increase in Mexico and an 18% increase in our Latin Center Region.

·                  Latin America delivered growth across the portfolio with sparkling beverages increasing 5% and still beverages increasing 20% in the quarter.  Sparkling beverage growth was led by brand Coca-Cola with 7% growth in the quarter.

·                  In the quarter and for the full year, the Latin America Group gained volume and value share in total NARTD beverages and across most key countries.  In addition, the group posted volume and value share gains in both the sparkling and still categories.

North America

·                  Our North America Group’s unit case volume declined 1% in the quarter primarily due to continued macroeconomic pressures impacting consumer spending and foodservice traffic.  Full year unit case volume decreased 2%.  Net revenues for the quarter decreased 4%, reflecting a 6% decrease in concentrate sales as a result of six fewer selling days in the quarter, partially offset by a 1% positive currency impact and a 1% positive impact from price/mix.  Reported operating income decreased 7% in the quarter, reflecting the impact of lower concentrate sales, and increased 7% for the year.  Comparable currency neutral operating income decreased 10% in the quarter, but increased 7% for the year driven by business mix and productivity savings.

·                  Unit case volume for sparkling beverages declined 2% in the quarter, as consumer spending continues to be impacted by unemployment and economic uncertainty.  Brand Coca-Cola has continued to increase its favorite brand score advantage versus the competition among the important teen and mom consumer segments.  Coca-Cola Zero delivered double-digit unit case volume growth in the quarter, achieving 15 consecutive quarters of double-digit growth.

·                  Still beverage unit case volume was even in the quarter.  Still beverage volume in our Foodservice and Hospitality business continued to grow, driven by innovation and new segmented customer offerings in our tea portfolio.

·                  In the quarter, North America gained value share in NARTD beverages for the fifth

6

consecutive quarter, with both volume and value share gains for the full year.  Still beverages also gained value share for the fifth consecutive quarter, led by strong performance in our Foodservice and Hospitality business, Trademark Simply and Fuze.  Trademark Simply and Minute Maid continued to perform strongly with new flavor innovations and expanded availability, contributing to volume and value share gains in the juice and juice drinks category for both the quarter and the full year.  In 2009, Simply became our Company’s 14th billion dollar brand.

Pacific

·                  Our Pacific Group delivered unit case volume growth of 11% in the quarter, cycling 9% growth in the prior year quarter.  Full year unit case volume increased 7%, cycling 8% growth in the prior year.  Net revenues for the quarter increased 5%, reflecting an 8% increase in concentrate sales and a 7% positive impact from currencies, partially offset by the impact of six fewer selling days in the quarter as well as negative country and channel mix.  Reported operating income increased 5% in the quarter.  Comparable currency neutral operating income increased 3% in the quarter, reflecting higher concentrate sales partially offset by negative country and channel mix, primarily in Japan.  For the full year, reported operating income increased 2%, but declined 2% on a comparable currency neutral basis as a result of the same country and channel mix drivers.

·                  Pacific delivered unit case volume growth across the portfolio with sparkling beverages increasing 9% and still beverages increasing 15% in the quarter.  Importantly, brand Coca-Cola grew 11% in the quarter.  Unit case volume growth was led by China, Thailand, Australia, the Philippines, Korea and Vietnam.  In the quarter, Pacific gained volume and value share in total NARTD beverages.

·                  In China, unit case volume grew 29% in the quarter driven by strong double-digit growth in Minute Maid Pulpy and the successful launch of Minute Maid Pulpy Super Milky, the Company’s first entry into the value-added dairy segment.  Trademark Sprite was also up double digits, and brand Coca-Cola was up 13%.  China achieved volume and value share gains in total NARTD beverages as well as the sparkling and still categories in both the quarter  and full year.

·                  In Japan, unit case volume declined 4% in the quarter reflecting the continued weak economy

7

and unfavorable weather.  However, our business in Japan continued to outperform the NARTD industry, resulting in the seventh consecutive quarter of share gains.  Importantly, Coca-Cola Zero maintained its strong momentum with unit case volume growth of 23% in the quarter, and I LOHAS mineral water in new lightweight eco-friendly crushable PET bottles has gained volume and value share in this competitive category.

Bottling Investments

·                  Our Bottling Investments Group’s unit case volume increased 13% in the quarter, primarily driven by strong growth in China, India and the Philippines.  Net revenues for the quarter increased 12%, primarily reflecting the increase in unit case volume and a high single-digit currency benefit, partially offset by negative country mix.  Reported operating income increased 72% in the quarter while comparable currency neutral operating income increased 17%, primarily driven by the increase in volume and disciplined expense management.  For the full year, reported operating income was down 32%, but was up 23% on a comparable currency neutral basis as volume and favorable cost of goods continued to fuel growth.

FINANCIAL REVIEW

Net revenues for the quarter increased 5%, driven by a 5% positive currency impact and a 1% increase in concentrate sales, offset by a 1% negative impact from price/mix.  While net revenue was favorably impacted during the quarter by positive concentrate pricing, geographic country mix offset this benefit as economic recovery in emerging markets outpaces the rest of the world.  Additionally, fourth quarter net revenues were impacted by six fewer selling days versus the prior year quarter.  Excluding the impact of six fewer selling days, we estimate that fourth quarter currency neutral net revenues would have been in line with our long-term target.  For the full year, comparable currency neutral net revenues excluding structural changes increased 4%.

Cost of goods sold increased 3% in the quarter.  This increase is primarily driven by the 1% increase in concentrate sales and a 6% impact from currencies, offset by a favorable impact from lower input costs.

Selling, general and administrative expenses increased 9% in the quarter, and increased 2% on a currency neutral basis.  The increase was partly attributable to a net

8

increase in pension and incentive costs offset by our continued effective management of general and administrative expenses.

Reported and comparable operating income both increased 4% in the quarter.  Items impacting comparability reduced operating income by $101 million in 2009 and by $108 million in 2008.  These items were primarily related to restructuring charges and costs related to global productivity initiatives.  Comparable currency neutral operating income was even in the quarter.  Currency positively impacted comparable operating income by 4% in the quarter.  Excluding the impact of six fewer selling days, we estimate that comparable currency neutral operating income for the quarter would have been ahead of our long-term target.  After considering current spot rates, the anticipated benefits of our hedging coverage and the cycling of prior year exchange rates, we expect currencies to have a slightly positive impact on full year 2010 operating income with the benefit more heavily weighted to the first half of 2010.

For the fourth quarter of 2009, our reported earnings per share were $0.66, an increase of 53%.  Reported earnings per share for the fourth quarter of 2009 and 2008 included a net charge of $0.00 and $0.21 per share, respectively. The net charge in both years included restructuring charges and costs related to global productivity initiatives.  The 2008 net charge also included a non-cash impairment charge related to Coca-Cola Enterprises Inc. (CCE), an equity investee.  After considering the items impacting comparability, earnings per share for the quarter were $0.66, an increase of 3%.  Earnings per share for the quarter were positively impacted by the relative weakness of the U.S. dollar versus other currencies around the world as compared to the prior year.

Cash from operations was $8.2 billion for the year compared with $7.6 billion in the prior year, an increase of 8%.  This increase was primarily driven by better management of working capital versus the prior year as well as higher dividends from equity investees.  For the full year, we repurchased $1.5 billion of our stock.

Effective Tax Rate

The reported effective tax rate for the quarter and full year was 19.5% and 22.8%, respectively.  The underlying effective tax rate on operations for both the quarter and full year was 23.0%.  The variance between the reported rate and the underlying rate was due to the tax impact of various separately disclosed items impacting comparability.

9

The Company anticipates that its underlying effective tax rate on operations for the full year 2010 will be in the range of 23.0% to 23.5%.  Our estimated underlying effective tax rate does not reflect the impact of significant or unusual items and discrete events, which, if and when they occur, are separately recognized in the appropriate period.

Items Impacting Prior Year Results

Fourth quarter 2008 results included a net charge of $0.21 per share primarily related to a non-cash impairment charge at CCE, restructuring charges and asset write-downs.

Third quarter 2008 results included a net charge of $0.02 per share primarily due to restructuring charges and costs related to global productivity initiatives partially offset by a gain on the sale of a portion of our investment in the Pakistan bottler.

Second quarter 2008 results included a net charge of $0.40 per share primarily related to charges recorded by our equity method investees, restructuring charges and asset write-downs.

First quarter 2008 results included a net charge of $0.03 per share primarily related to restructuring charges and asset write-downs.

NOTES

·                  All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period.  References to cycling of growth rates compare the growth rate of the current period to that of the prior year comparable period.

·                  “Concentrate sales” represents the amount of concentrates, syrups, beverage bases and powders sold by, or used in finished beverages sold by, the Company to its bottling partners or other customers.

·                  “Sparkling beverages” means nonalcoholic ready-to-drink beverages with carbonation, including energy drinks and carbonated waters and flavored waters.

·                  “Still beverages” means nonalcoholic beverages without carbonation, including noncarbonated waters, flavored waters and enhanced waters, juices and juice drinks, teas, coffees and sports drinks.

·                  All unit case volume percentage changes are computed based on average daily sales for the fourth quarter and are computed on a reported basis for the full year.  “Unit case”

10

means a unit of measurement equal to 24 eight-ounce servings of finished beverage, and “unit case volume” means the number of unit cases (or unit case equivalents) of Company beverages directly or indirectly sold by the Company and its bottling partners to customers.

·                  Fourth quarter 2009 results were impacted by six fewer selling days, which offset the impact of five additional selling days in first quarter 2009 results.

·                  “Structural changes” refers to acquisitions or dispositions of bottling, distribution or canning operations and consolidation or deconsolidation of bottling and distribution entities for accounting purposes.

·                  Our long-term growth targets referenced in this release are on a comparable currency neutral basis and exclude structural changes.

CONFERENCE CALL

We are hosting a conference call with investors and analysts to discuss our fourth quarter and full year 2009 results today at 9:30 a.m. (EST). We invite investors to listen to the live audiocast of the conference call at our website, http://www.thecoca-colacompany.com in the “Investors” section.  A replay in downloadable MP3 format will also be available within 24 hours after the audiocast on our website.  Further, the “Investors” section of our website includes a reconciliation of non-GAAP financial measures that may be used periodically by management when discussing our financial results with investors and analysts to our results as reported under GAAP.

11

THE COCA-COLA COMPANY AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(UNAUDITED)

(In millions except per share data)

*                 For the three months ended December 31, 2009 and December 31, 2008, “Basic Net Income Per Share” was $0.67 for 2009 and $0.43 for 2008 based on “Average Shares Outstanding - Basic” of 2,312 for 2009 and 2,312 for 2008.  Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners of The Coca-Cola Company.

12

THE COCA-COLA COMPANY AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(UNAUDITED)

(In millions except per share data)

*                 For the years ended December 31, 2009 and December 31, 2008, “Basic Net Income Per Share” was $2.95 for 2009 and $2.51 for 2008 based on “Average Shares Outstanding - Basic” of 2,314 for 2009 and 2,315 for 2008.  Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners of The Coca-Cola Company.

13

THE COCA-COLA COMPANY AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(UNAUDITED)

(In millions except par value)

14

THE COCA-COLA COMPANY AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(UNAUDITED)

(In millions)

15

THE COCA-COLA COMPANY AND SUBSIDIARIES

Operating Segments

(UNAUDITED)

(In millions)

Three Months Ended

16

THE COCA-COLA COMPANY AND SUBSIDIARIES

Operating Segments

(UNAUDITED)

(In millions)

Year Ended

17

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(UNAUDITED)

(In millions except per share data)