date:Apr 14, 2014
at new products including bottled water and non-carbonated drinks.
The forecast for the fastest fall in earnings since 2011 emphasizes the challenges facing new Managing Director Alison Watkins, who took over March 3 and says the company faces low growth and competitive markets. Asahi Group Holdings Ltd.s Schweppes Australia unit, which sells Pepsi in the country, intensified competition by cutting prices for two years up to January, according to Citigroup Inc.
They have an uncompetitive price