Latest PepsiCo Inc News
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is...
PepsiCo beats Q1 revenue forecasts as price increases moderate
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than the $18 billion Wall Street...
PepsiCo: Q1 Earnings Snapshot
PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — PepsiCo Inc. (PEP) on Tuesday reported first-quarter earnings of $2.04 billion. The Purchase, New York-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to...
Outside roles by NBC's Conde, others reveal a journalism ethics issue: being paid to sit on boards
NEW YORK (AP) — As NBC News Group chairman, Cesar Conde is already busy overseeing the network's broadcast and digital news operations, along with CNBC, MSNBC, Telemundo and NBC-owned local affiliates. Yet the executive also has a second paid job. And a third — as a member of...
McDonald's names its CEO as new board chairman, taps Kimberly-Clark exec as independent director
McDonald’s CEO will become chairman of the company’s board later this spring, the burger chain said Tuesday. Chris Kempczinksi, who was named McDonald’s president and CEO in late 2019, will succeed McDonald’s Chairman Enrique Hernandez Jr., who is retiring after 28 years on...
