PepsiCo, Inc. reported third-quarter results Wednesday that were ahead of expectations and raised its outlook for the full year. The company’s sales grew 8.8 percent year-over-year to $21.97 billion, topping the consensus estimate of $20.81 billion, while core earnings grew 10.05 percent to $1.97 per share, exceeding expectations of $1.84 per share. Here’s what the…
Musk Says Pepsi to Receive Tesla’s First Semi Trucks in December
Tesla Inc. is starting Semi electric commercial truck production and PepsiCo Inc. will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by 2019. However,…
Pepsico Ends Pepsi, 7UP Production in Russia Months After Promising Halt Over Ukraine
September 22, 2022
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NEW YORK/MOSCOW—PepsiCo Inc. has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. Pepsi’s announcement came after Reuters visited dozens of supermarkets, retailers, and gyms in Moscow and beyond and found…
NY Pension Chief Says McDonald’s, PepsiCo Should Consider Russia Risk
March 7, 2022
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NEW YORK—The chief of New York state’s pension fund said on Thursday that McDonald’s Corp., PepsiCo. and other companies with a large footprint in Russia “need to consider whether doing business in Russia is worth the risk during this extraordinarily volatile time.” Political pressure is building for companies to halt business in Russia because of…
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