Strong dollar dents Coca-Cola forecast, shares slide
Share:
(Reuters) - Coca-Cola Co shares were set for their worst day in more than 10 years after the company forecast slowing sales in 2019, hit by a stronger dollar in the face of rising global economic uncertainty and lower demand for its fizzy sodas in some markets.The stock was down 7 percent by late morning, also pressured by a broader retail rout sparked by data that showed a surprise drop in U.S. retails sales in December.A stronger dollar is an added headache for companies like Coca-Cola and..