Coca-Cola has reported lower-than-expected three-month revenues as sales in China have been affected by weakening consumer demand. Shares fell 3.63% to $43.25, more than a quarterly low. In addition to the challenges faced by China's economic slowdown, Coca-Cola also has to combat changing consumer habits: Chinese consumers are increasingly turning to premium water and healthier drinks. In response, Coca-Cola is introducing more premium offerings and expanding in second-tier and rural areas with more affordable products.
Coca-Cola has reported lower-than-expected quarterly revenues as sales in China have been affected by weakening consumer demand. Shares fell 3.63% to $43.25, more than a three-month low. In addition to the challenges faced by China's economic slowdown, Coca-Cola also has to combat changing consumer habits: Chinese consumers are increasingly turning to premium water and healthier drinks. In response, Coca-Cola is introducing more premium offerings and expanding in second-tier and rural areas with more affordable products.