Coca-Cola Europacific Partners cuts annual sales forecast on weak Europe demand
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Coca-Cola Europacific Partners has reduced its annual sales forecast due to decreased beverage demand in Europe and challenges in Indonesia related to the Middle East conflict.
November 05, 2024 | 12:30 pm
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Coca-Cola Europacific Partners, a unit of Coca-Cola, has cut its annual sales forecast due to weak demand in Europe and issues in Indonesia.
The reduction in sales forecast by Coca-Cola Europacific Partners indicates potential revenue challenges for Coca-Cola, as it is a significant bottling unit. This could negatively impact Coca-Cola's stock price in the short term.
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