Non-Alcoholic Beverage Notes

Coca- Cola
-Obesity and other health concerns may reduce demand for some of our products.
-Water scarcity and poor quality could negatively impact the Coca-Cola system’s production costs and capacity.
-Changes in the nonalcoholic beverage business environment and retail landscape could impact our financial results.
-Increased competition could hurt our business.
-Increased demand for food products and decreased agricultural productivity as a result of changing weather patterns may negatively affect our business
-Consolidation in the retail channel or the loss of key retail or foodservice customers could adversely affect our financial performance
-If we are unable to expand our operations in developing and emerging markets, our growth rate could be negatively affected
-Fluctuations in foreign currency exchange rates could affect our financial results.
-If interest rates increase, our net income could be negatively affected
-We rely on our bottling partners for a significant portion of our business. If we are unable to maintain good relationships with our bottling partners, our business could suffer.
-If our bottling partners’ financial condition deteriorates, our business and financial results could be affected.
-Increases in income tax rates, changes in income tax laws or unfavorable resolution of tax matters could have a material adverse impact on our financial results.
-Increased or new indirect taxes in the United States or in one or more of our other majormarkets could negatively affect our business
-Increase in the cost, disruption of supply or shortage of energy or fuels could affect our profitability.
-Increase in the cost, disruption of supply or shortage of ingredients, other raw materials or packaging materials could harm our business.
-Changes in laws and regulations relating to beverage containers and packaging could increase our costs and reduce demand for our products.
-Significant additional labeling or warning requirements or