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Sugar tax sours Kofola ČeskoSlovensko revenue forecast
Yahoo Finance· 2025-11-26 13:53
Kofola ČeskoSlovensko is forecasting a full in annual sales, with the Czech drinks business pointing to the impact of a sugar tax in Slovakia. The soft drinks producer expects to record a 4% decline in revenues this year, versus its previous forecast of growth of 1.5%. Kofola ČeskoSlovensko's new guidance came after it reported a 7.5% fall in third-quarter revenues. The business said "lower consumption" in the quarter had been "significantly influenced" by Slovakia's sugar tax on sweetened drinks and mu ...