LONDON, April 29 (Reuters) - Danish consumers are
boycotting Coca-Cola, Carlsberg CEO Jacob
Aarup-Andersen said on Tuesday, adding the brewer, which bottles
the drink in Denmark, had seen Coca-Cola volumes decline while
local rivals gain share.
The beermaker, which also sells Kronenbourg beer and soft
drinks like Tuborg Soda, said its Coke volumes in
Denmark were "slightly down" and that there is "a level of
consumer boycott around U.S. brands".
Consumers have ditched brands like Tesla, products
like U.S. whiskey and U.S. travel plans in protest over U.S.
tariffs, foreign policy or Elon Musk's political activities.
In Denmark, some local brands were gaining share at the
expense of U.S. labels like Coke, Aarup-Andersen told investors
on its first quarter earnings call.
Coke did not immediately respond to a request for comment.
The company is feeling the effects of a boycott of its
brands from Hispanic consumers in the U.S. over video
purportedly showing the company laying off its Latino staff and
reporting them to immigration authorities, which Coke says is
false.
CEO James Quincey said it was focused on recovering from
that boycott, which hit its business in the southern U.S.
especially. Coke did not reference the boycott in Denmark during
an earnings call with analysts on Tuesday.
Danish alternatives to Coke include local label Jolly Cola.
But Aarup-Andersen said both Coke and Pepsi, which
Carlsberg also bottles, sold in Denmark were produced at Danish
breweries by Danish workers.
"So these are very much, from our perspective, Danish
brands," he said, adding Carlsberg was not pro or contra
boycotts and respected people's decisions.
Carlsberg's overall soft drink portfolio in Denmark was up,
and the hit to Coke was "not dramatic" in terms of overall
volumes, Aarup-Andersen continued.
The brewer warned on Tuesday that U.S. tariffs could affect
both consumer spending and raw material costs going forward.