Coca-Cola shares fell by 8% in news, marking the worst day of trading since October 2008.
Global companies, such as McDonald's (MCD) and others, have warned that rigid Brexit will lead to "significant" failures in their supply chains. And business remains on the verge when US and Chinese negotiators are trying to conclude an agreement by early March, when the US government has to sharply raise tariffs for Chinese goods.
Tariffs, already introduced by the two countries, caused serious disruptions for enterprises and exacerbated financial markets.
General Director James Kinsey on Thursday called forecasts "prudent" at a conference call with investors who discussed fourth and year-round profits this year "will be more volatile and uncertain than 201
8," said Quincy at CNBC's "Squawk on the street "on Thursday morning.
Coca-Cola sales fell by 6% to 7.1 billion dollars in the last three quarters of 2018 and dropped 10% to 31.9 billion dollars a year. Coca-Cola is accused of lowering the costs associated with the refinishing of the spill system and the strong dollar.
Quincey "is pleased with our strong organic income and revenue growth in 2018," he said in a statement, adding that they "show progress in our transformation as consumer-oriented, then
Coca- Cola ( KO ) expands its offerings as consumers avoid carbonated beverages. It focuses on low-calorie and low-calorie drinks
Coca Cola Zero Sugar had the best year in 2018, Quincey CNBC. The sugar-free product was particularly successful, the postine Leading growth for the company.
And last year, the company agreed to buy British Costa Coffee (which it completed last month's sales) and also took a stake in BodyArmor's energy drink to compete with Pepsi Gatorade, and Coca-Cola is thinking of developing an energy drink. 19659013] He also recently launched a new flavor, orange vanilla, designed to keep consumers away from the circle when seeking diversity.
Meanwhile, sales of their more traditional drinks have fallen behind. In North America, juices, dairy, vegetable drinks and tea declined by volume in the last three months of 2018.