PepsiCo Stock Climbs on Better-Than-Expected Results
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PepsiCo faces weak volume trends, high debt, and growth challenges despite an earnings beat. Read why I see better opportunities elsewhere than in PEP stock.
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PepsiCo jumped 6.6% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant stood by its financial forecasts given in April, which projected lower full-year profit than previous forecasts due to increased costs from tariffs and a pullback in consumer spending.
PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips - artificial colors or flavors - when it re-launches its Lay's and Tostitos brands later this year, executives said on Thursday.
The food giant said its Frito-Lay snack division planned to make a line of Cheetos and Doritos with no artificial colors or flavors, as demand falters.
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PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales. Sales of Frito-Lay and other snacks fell 1% in North America during the April-June period,
PepsiCo reported better-than-expected quarterly results on Thursday, driven by steady demand for its sodas and snacks in the U.S. and other major markets, including Europe.
Ramon Laguarta, PepsiCo CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings, what potential health regulation means for PepsiCo's offerings, and much more.
PepsiCo jumped 7.5% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant also stood by its financial forecasts given in April, which projected lower full-year profit than previous forecasts due to increased costs from tariffs and a pullback in consumer spending.
Lucid soars after announcing a self-driving partnership with Uber Technologies and Nuro, Taiwan Semiconductor Manufacturing reports a record profit in the second quarter, and PepsiCo’s adjusted earnings top forecasts.