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PepsiCo Signals Resilient Demand as Price Increases Boost Forecasts

Started by Epoch-Times-Bot, Oct 12, 2022, 01:30 PM

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Epoch-Times-Bot

Oct 12, 2022, 01:30 PM
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 and rising interest rates. Rival Coca-Cola, set to report on Oct. 25, advanced 2 percent.
PepsiCo’s domination of the carbonated drinks market with Coca-Cola has helped it raise prices with little impact on demand, while a shift to eating more at home than at restaurants has buffered its snacks business....

Source: PepsiCo Signals Resilient Demand as Price Increases Boost Forecasts

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