Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.
Coca-Cola Co., the world’s largest beverage company, dropped the most in more than two years after North American soft-drink demand shrank and its once- effervescent growth in emerging markets showed signs of slowing.
Procter & Gamble Co., the world’s largest consumer-products maker, lowered its forecast for profit and sales growth this year because of currency exchange-rate fluctuations and policy changes in Venezuela.
Procter & Gamble Co., the world’s largest consumer-products company, may report third-quarter profit that exceeded analysts’ estimates, boosted by growth in emerging markets and a drop in raw material costs.