CHILE: Argentina hits Embotelladora Andina Q2
The Chilean Coca-Cola bottler Embotelladora Andina SA has revealed that it estimates a 4% fall in soft-drink sales in the second quarter from the year before on the back of a poor performance in Argentina.
In a statement to the Santiago Stock Exchange Wednesday, the company said it expects a 26% fall in the sales in Argentina, and increases of 2% in Chile and 3% in Brazil.
The company said the estimates are preliminary, and the definitive data will be available when second quarter consolidated results are released in August.
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