Coca-Cola Icecek lost 5% market share in Turkey and 4% in Pakistan as boycotts over its perceived Israel links hurt sales. Q2 net income dropped 31% to 5.1 billion lira ($124 million). Despite declines, Coca-Cola still leads in Central Asia with growing volumes. Similar boycotts have hit Starbucks, Pizza Hut, and KFC. KO shares are up 9.2% YTD; retail sentiment remains bullish.
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03:30 pm on
08 Sep