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Can Coca-Cola Amatil Reverse Soft-Drink Trend? -- Market Talk

23 Apr 2017 10:19 pm

22:19 GMT [Dow Jones] Consumers are shunning sugary soft drinks for healither alternatives, and UBS analysts don't think Australian bottler Coca-Cola Amatil can halt the soft-drink decline over the next three years. The headwinds facing the market are "structural, not cyclical," UBS says. Coca-Cola Amatil warned Friday that underlying net profit would fall in the first half of 2017, citing weak trading in its Australian division. "We believe management is executing well and has delivered better-than-expected results via cost-out, however these opportunities are slowing and top line is not improving," UBS said. The analysts slapped Coca-Cola Amatil with a sell rating. (mike.cherney@wsj.com; @Mike_Cherney)
 

(END) Dow Jones Newswires

April 23, 2017 18:19 ET (22:19 GMT)

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