Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

Coca-Cola Bottling Co. Consolidated

Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

	Third Quarter				Nine Months
	2014		2013		2014		2013
Computation of Earnings:
Income before income taxes	$	21,113	$	22,839	$	49,927	$	50,438
Add:
Interest expense		6,853		6,880		20,463		20,699
Amortization of debt premium/discount and expenses		480		482		1,438		1,453
Interest portion of rent expense		637		635		1,900		1,743
Earnings as adjusted	$	29,083	$	30,836	$	73,728	$	74,333
Computation of Fixed Charges:
Interest expense	$	6,853	$	6,880	$	20,463	$	20,699
Capitalized interest		22		17		131		139
Amortization of debt premium/discount and expenses		480		482		1,438		1,453
Interest portion of rent expense		637		635		1,900		1,743
Fixed charges	$	7,992	$	8,014	$	23,932	$	24,034
Ratio of Earnings to Fixed Charges		3.64		3.85		3.08		3.09