JAPAN: Kirin Beverage lowers H1 profit forecast
The company attributed the drop to soft sales of canned coffee and Japanese tea drinks, as well as a delay in launching certain carbonated drinks. Although Kirin is forecasting a 7% rise in group sales to Y157 billion, this is Y5 billion below the company's previous forecast.
In volume terms, beverage sales are forecast to increase by 6% to 75.6m cases, 2.5m cases below the company's target figure.
- Why Chinese beverages won't conquer the world
- Is “Craft” the Next Big Thing for Soft Drinks?
- Petropolis Finally Moving into SABMiller's View?
- Can Coca-Cola fuel SABMiller's soft drinks story?
- Gin: Plymouth's from Plymouth, London's from...?
- Diageo confirms Australia RTD abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Pernod takes Absolut Warhol push to Travel Retail
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global vodka insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- The IWSR Global Trends Report 2014