Exhibit 99.1

Report to Stockholders for the Quarter Ended April 1, 2007

Dear Stockholders:

Your Company reported net income for the first quarter of 2007 of $4.7 million, or basic net income per share of $.51, compared to net income of $.8 million, or basic net income per share of $.09, in the first quarter of 2006. During the first quarter of 2007, the Company announced the simplification of its operating management structure and a reduction in workforce in order to improve operating efficiencies across our business. The Company’s first quarter of 2007 results included the after-tax impact of these restructuring costs of $1.3 million, or basic net income per share of $.14.

Net sales grew $4.4 million, or 1.3%, in the first quarter of 2007 as compared to the first quarter of 2006. This increase was primarily the result of a 1.2% increase in bottle/can volume, which was related to increases in water and tea sales, and a .4% increase in average revenue per case, partially offset by a decrease in sugar sparkling beverage sales.

The Company’s gross margin increased $5.5 million, or 3.7%, in the first quarter of 2007 as compared to the first quarter of 2006. This increase in gross margin was primarily the result of the increase in bottle/can volume, the increase in average revenue per case, decreases in manufacturing overhead costs and increased marketing funding, partially offset by increases in raw material costs, primarily aluminum packaging costs.

In addition to the increase in gross margin, the Company realized a decrease in selling, delivery and administrative (“S,D&A”) expenses of $.9 million, or .7%, in the first quarter of 2007 as compared to the first quarter of 2006. Excluding pre-tax restructuring costs of $2.2 million, S,D&A expenses decreased $3.1 million. The Company anticipates that total restructuring expenses will be in the $2.5 million to $3.5 million range and anticipates substantially all of the cash expenditures occurring prior to 2007 fiscal year end. Given anticipated increases in packaging and sweetener costs in 2007, we are encouraged by this decrease in S,D&A expenses and believe our heightened focus on resource efficiency will help to offset these higher raw material costs and maintain operating margins.

J. Frank Harrison, III Chairman and Chief Executive Officer William B. Elmore President and Chief Operating Officer

CONDENSED CONSOLIDATED BALANCE SHEETS

In Thousands

	Unaudited April 1, 2007		Dec. 31, 2006		Unaudited April 2, 2006
Assets
Current assets:
Cash and cash equivalents	$	55,039	$	61,823	$	17,914
Trade accounts receivable, net		102,356		91,299		92,482
Accounts receivable, other		25,525		13,480		16,883
Inventories		63,746		67,055		62,694
Prepaids and other current assets		17,543		13,485		12,455
Total current assets		264,209		247,142		202,428
Property, plant and equipment, net		376,185		384,464		388,467
Leased property under capital leases, net		73,962		69,851		72,341
Other assets		36,108		35,542		41,725
Franchise rights, net		520,672		520,672		520,672
Goodwill, net		102,049		102,049		102,049
Other identifiable intangible assets, net		4,636		4,747		4,906
Total	$	1,377,821	$	1,364,467	$	1,332,588
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of debt	$	103,000	$	100,000	$	39
Current portion of obligations under capital leases		2,476		2,435		1,606
Accounts payable and accrued expenses		146,531		146,507		130,287
Total current liabilities		252,007		248,942		131,932
Deferred income taxes		158,192		162,694		167,477
Pension, postretirement and other liabilities		152,998		146,355		146,503
Obligations under capital leases		79,581		75,071		77,120
Long-term debt		591,450		591,450		691,450
Total liabilities		1,234,228		1,224,512		1,214,482
Minority interest		46,683		46,002		43,340
Stockholders’ equity		96,910		93,953		74,766
Total	$	1,377,821	$	1,364,467	$	1,332,588

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

In Thousands (Except Per Share Data)

	First Quarter
	2007		2006
Net sales	$	337,556	$	333,179
Cost of sales		186,065		187,153
Gross margin		151,491		146,026
Selling, delivery and administrative expenses		130,831		131,728
Amortization of intangibles		111		148
Income from operations		20,549		14,150
Interest expense		12,218		12,220
Minority interest		681		556
Income before income taxes		7,650		1,374
Income taxes		2,999		559
Net income	$	4,651	$	815
Basic net income per share:
Common Stock	$	.51	$	.09
Weighted average number of Common Stock shares outstanding		6,643		6,643
Class B Common Stock	$	.51	$	.09
Weighted average number of Class B Common Stock shares outstanding		2,480		2,460
Diluted net income per share:
Common Stock	$	.51	$	.09
Weighted average number of Common Stock shares outstanding — assuming dilution		9,131		9,112
Class B Common Stock	$	.51	$	.09
Weighted average number of Class B Common Stock shares outstanding — assuming dilution		2,488		2,469
Cash dividends per share:
Common Stock	$	.25	$	.25
Class B Common Stock	$	.25	$	.25

CORPORATE INFORMATION

Transfer Agent and Dividend Disbursing Agent

The Company’s transfer agent is responsible for stockholder records, issuance of stock certificates and distribution of dividend payments and IRS Form 1099s. The transfer agent also administers plans for dividend reinvestment and direct deposit. Stockholder requests and inquiries concerning these matters are most efficiently answered by corresponding directly with American Stock Transfer & Trust Company, 59 Maiden Lane, New York, New York 10038. Communication may also be made by calling Toll-Free (800) 937-5449 or via the Internet at www.amstock.com.

Stock Listing

Coca-Cola Bottling Co. Consolidated is listed on The NASDAQ Global Market under the ticker symbol COKE.

Company Website

www.cokeconsolidated.com

Corporate Office

Our corporate office is located at 4100 Coca-Cola Plaza, Charlotte, NC 28211. Our mailing address is Coca-Cola Bottling Co. Consolidated, P.O. Box 31487, Charlotte, NC 28231.

Periodic Reports and Code of Ethics for Senior Financial Officers

Copies of the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K to the United States Securities and Exchange Commission and its Code of Ethics for Senior Financial Officers are available without charge upon written request to Steven D. Westphal, Senior Vice President and Chief Financial Officer, Coca-Cola Bottling Co. Consolidated, P.O. Box 31487, Charlotte, NC 28231. This information may also be obtained from the Company’s website as noted above.

CAUTIONARY INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

Included in this Report to Stockholders and other information that we make publicly available from time to time are forward-looking management comments and other statements that reflect management’s current outlook for future periods. These statements include, among others, anticipated increases in packaging and sweetener costs and heightened focus on resource efficiency to offset higher raw material costs and maintain operating margins.

These statements and expectations are based on currently available competitive, financial and economic data along with our operating plans, and are subject to future events and uncertainties that could cause anticipated events not to occur or actual results to differ materially from historical or anticipated results. Among the events or uncertainties which could adversely affect future periods are: lower than expected selling pricing resulting from increased marketplace competition; changes in how significant customers market or promote our products; changes in public and consumer preferences related to nonalcoholic beverages; our inability to meet requirements under bottling contracts; material changes in the performance requirements for marketing funding support or our inability to meet such requirements; decreases from historic levels of marketing funding support; changes in The Coca-Cola Company’s and other beverage companies’ levels of advertising, marketing and spending on brand innovation; the inability of our aluminum can or plastic bottle suppliers to meet our purchase requirements; our inability to offset higher raw material costs with higher selling prices, increased bottle/can sales volume or reduced expenses; sustained increases in fuel costs or our inability to secure adequate supplies of fuel; sustained increases in workers’ compensation, employment practices and vehicle accident costs; sustained increases in the cost of employee benefits; changes in interest rates; adverse changes in our credit rating (whether as a result of our operations or prospects or as a result of those of The Coca-Cola Company or other bottlers in the Coca-Cola system); changes in legal contingencies; additional taxes resulting from tax audits; natural disasters and unfavorable weather; issues surrounding labor relations; recent bottler litigation; our use of estimates and assumptions; public policy challenges regarding the sale of soft drinks in schools; and the concentration of our capital stock ownership. The forward-looking statements in this Report to Stockholders should be read in conjunction with the more detailed descriptions of the above factors located in our Annual Report on Form 10-K for the year ended December 31, 2006 under Part I, Item 1A “Risk Factors”. The Company undertakes no obligation to update or revise any forward-looking statements contained in this Report to Stockholders as a result of new information or future events or developments.