Coca-Cola Europacific Partners tempers annual revenue forecast on Indonesia weakness

Coca-Cola Europacific Partners Lowers Revenue Outlook Amid Indonesia Challenges

Impact of Indonesia on Revenue Forecast

(Reuters) -Coca-Cola Europacific Partners tempered its annual revenue forecast on Wednesday, citing softer demand in Indonesia due to geopolitical tensions in the Middle East and a challenging macroeconomic environment.

Geopolitical Factors Affecting Demand

The bottler, which operates across Western Europe, the Middle East, Australia and New Zealand, said Southeast Asia volumes were hit by brand boycotts in Indonesia, a Muslim-majority country, in response to the conflict in Gaza.

Brand Boycotts in Indonesia

Coca-Cola Europacific Partners expects annual comparable revenue to be between 3% and 4%, compared with a prior forecast of about a 4% rise.

Revised Revenue Expectations

(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Sonia Cheema)