PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
Publishing timestamp: 2023-02-09 13:26:17
Summary
PepsiCo reported fourth-quarter earnings and revenue that beat analysts' expectations, fueled by higher prices for its snacks and drinks. Despite a 2% drop in demand for Pepsi products, the company is projecting 6% increase in organic revenue and 8% growth in its core constant currency earnings per share. Coca-Cola also updated its Coke Zero recipe and Pepsi is running two Super Bowl ads on Sunday highlighting Pepsi Zero Sugar.
Sentiment: POSITIVE
Keywords: food and drink, business, coca-cola co, markets, restaurants, ramon laguarta, business news, retail industry, breaking news: business, earnings, pepsico inc.,
Source: https://www.cnbc.com/2023/02/09/pepsico-pep-q4-2022-earnings.html