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Current Position:Home » News » Beverages & Alcohol » Beverages » Topic

Cool, Wet Streak Damps Soda Sales

Zoom in font  Zoom out font Published: 2013-07-16  Views: 31
Core Tip: Beverage companies might have some choice words for Mother Nature when they report their second-quarter results in the coming days.
Beverage companies might have some choice words for Mother Nature when they report their second-quarter results in the coming days.

Coca-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. are expected to disclose weak U.S. sales in the wake of a chilly spring and the wettest June in decades. That's not the kind of weather that drives Americans into the arms of a cold drink, likely exacerbating a nearly decadelong decline in domestic soda consumption amid obesity concerns.

Cold and wet conditions in Europe also have damped demand for beverages, prompting regional bottler Coca-Cola Enterprises Inc. to scale back.

 
 
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