PepsiCo plans snack and beverage price hikes following weak North American performance
PEP PepsiCo Inc
$128.34 +3.73%
View chart & analysis → - 1PepsiCo plans to raise snack and beverage prices by single digits and cut corporate costs following weak third-quarter results in North America.
- 2Following Elliott Investment Management's $4 billion stake acquisition last fall, PepsiCo implemented price cuts of up to 15% before the Super Bowl.
- 3PepsiCo lowered its annual adjusted earnings per share growth forecast from the previous 5% to 7% range to 2.5% to 3.5%.
So what's the key point?
PepsiCo plans to raise snack and beverage prices by single digits and reduce corporate costs after weak third-quarter results in North America.
Source Fortune · View original ↗
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