PepsiCo Inc. raised its annual forecasts on Tuesday after price hikes undertaken to offset higher costs and steady demand helped the soda and snack giant beat first-quarter results. The results pointed to a resilient consumer and followed similar quarterly performances by rival Coca-Cola and Nestle. PepsiCo’s shares rose 2 percent in early trading. Average prices…
PepsiCo Says No More Price Hikes After Better-Than-Expected Quarterly Results
PepsiCo Inc. said on Thursday it will not further raise prices of its sodas and snacks after multiple rounds of price hikes last year that helped the beverage giant post fourth-quarter profit and revenue ahead of analysts’ estimates. A near duopoly in the carbonated drinks market with Coca-Cola Co. helped PepsiCo raise prices over the…
PepsiCo Signals Resilient Demand as Price Increases Boost Forecasts
PepsiCo Inc. on Wednesday raised its annual forecasts for revenue and profit on the back of fresh price increases for its sodas and snacks to battle runaway costs while signaling resilient demand. Shares rose 4 percent after the company also beat third-quarter estimates that comes amid gloomy expectations for corporate results due to surging inflation…
PepsiCo-Produced Starbucks Beverage Recalled Due to Possible Contamination
A popular coffee beverage under the Starbucks label has been recalled by PepsiCo about concerns over possible contamination by metal fragments in the cans. The soft drink company announced a voluntary recall of its Starbucks Vanilla Espresso Triple Shot drink over the issue, which may have contaminated as many as 221 cases of the beverage. The…
PepsiCo Says Snacks, Sodas Could Get Pricier After Scant Consumer Pushback
PepsiCo Inc. raised its full-year revenue forecast on Tuesday and said it could increase prices further in the coming months, with the beverage giant seeing little impact on demand for its sodas and snacks despite decades-high inflation. The company’s shares rose 1.5 percent to $173 in morning trading. Pandemic-induced disruptions to the global supply chain…
PepsiCo Raises Revenue Forecast on Boost From Price Increases
April 27, 2022
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PepsiCo Inc. beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases. Pandemic-induced disruptions to the global supply chain and runaway inflation have sent costs soaring on everything from aluminum cans to labor and shipping,…
Coca-Cola, PepsiCo to Stop Selling Drinks, Suspend Operations in Russia
Coca-Cola and PepsiCo are suspending their operations in Russia in response to the country’s invasion of Ukraine, the beverage companies announced on Tuesday. The companies join a host of other leading U.S. brands in boycotting the country in recent days as a sign of solidarity with the former Soviet nation. Starbucks also announced Tuesday that it is pulling the…
Stock Wars: Coca-Cola vs. PepsiCo
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two powerhouse rivals in the beverage space: Coca-Cola Co and PepsiCo, Inc. The Case For Coca-Cola This company traces its roots to John Stith Pemberton, a…
PepsiCo to Take Delivery of Tesla Electric Trucks in Fourth Quarter: CNBC
PepsiCo Inc. will get its first set of Tesla Inc. electric trucks in the fourth quarter, the packaged food maker’s top boss Ramon Laguarta said in an interview with CNBC on Monday. The maker of Mountain Dew soda and Doritos chips in December 2017 reserved 100 of Tesla’s electric semi trucks as it sought to…
Coca-Cola to Fully Acquire Gatorade Rival BodyArmor for $5.6 Billion
Coca-Cola Co. said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports drink portfolio to take on market leader, PepsiCo Inc.’s Gatorade. The deal marks a shift in strategy for the world’s largest beverage maker after it spent…
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