Coca-Cola hit by fizzing demand

 In Australia, Coles, NewZealand, Woolworths
Coca-Cola Amatil is the latest discretionary business to fall foul of weaker than expected consumer demand following the federal election and has said this morning it expects its full-year pre-tax earnings to slide by between 5 to 7 per cent calendar 2013.
Already this month retail giants Woolworths and Coles warned that consumer sentiment had not made a sustained leap since the election – or that any gains were short lived –  and that spending by shoppers remained at pre-election lows.  Sydney Morning Herald – Read more…

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