Latest PepsiCo Inc News

Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain

May. 09, 2024 12:22 PM EDT

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

Apr. 23, 2024 09:57 AM EDT

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

Apr. 23, 2024 06:10 AM EDT

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...