4.8 (372) · € 14.50 · En Stock
PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices.
PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices. Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the company has implemented double-digit price hikes. Sales volumes fell 2.5%. The company reported Tuesday that quarterly revenue was $23.4 billion. That was in line with Wall Street’s expectations. Net income for Pepsi, based in Purchase, New York, rose 14% to $3.1 billion, or $2.24 per share, which is better than expected.
PepsiCo aims to raise prices as steady demand spurs 2023 profit forecast lift
PepsiCo price hikes lead to strong third-quarter earnings
PepsiCo Stock (NASDAQ:PEP): Strong Growth Supports Its Valuation
The Zacks Analyst Blog Highlights PepsiCo, Johnson & Johnson, Intuitive Surgical, Kimberly-Clark and Atmos Energy
PepsiCo
PepsiCo Raises Its Profit Outlook for the Year Again - WSJ
PepsiCo Stock (NASDAQ:PEP): Strong Growth Supports Its Valuation
PepsiCo hikes prices by double digits for the 7th consecutive quarter and profits jump 14%
7 Dividend Stocks to Buy and Hold for the Next Decade