PepsiCo Not Seeing Impact of Ozempic on Sales

03:36pm, Tuesday, 10'th Oct 2023
PepsiCo Chief Financial Officer Hugh Johnston says the food and snack maker is not seeing the impact of Ozempic or other appetite-suppressing drugs on its sales. Johnston says the company is watchin
PepsiCo says the impact of weight-loss drugs on its sales has so far been "negligible." Instead, the food and beverage giant is seeing "meals becoming more mini-meals.
PepsiCo (NASDAQ:PEP) shares are up more than 2% Tuesday afternoon after a textbook “beat and raise' with its third quarter results that surprised analysts at Barclays.  Excluding non-recurring item
PepsiCo (PEP) released its third-quarter earnings before the bell on Tuesday. The results beat Wall Street estimates and and the company raised its earnings outlook.
Josh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC's ‘Halftime Report' to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.
Price hikes helped PepsiCo (PEP) post better-than-expected quarterly results, and the maker of soda and snack foods boosted its guidance.
The new class of weight-loss drugs like Ozempic and Wegovy are having a negligible impact on PepsiCo Inc.'s snacks and beverages business, but the trend of healthier eating is causing customers to see
PepsiCo (PEP) benefits from strength in the global beverage and convenient food businesses, and cost-management and revenue-management initiatives in Q3. The company raises its 2023 EPS view.

Business Optimism Index Falls to Four-Month Low

12:01pm, Tuesday, 10'th Oct 2023
We wake to a new trading day looking at the relatively minor economic report (compared to the PPI and especially CPI, due out over the next couple of days) on the National Federation of Independent Bu

PepsiCo raises profit outlook on higher prices

11:56am, Tuesday, 10'th Oct 2023
PepsiCo raised its annual profit forecast again this year. In addition to its beverage unit, brands in its snack business include Doritos and Cheetos.
Price hikes lifted PepsiCo's profits in the third quarter, but the company says those increases are likely to moderate in the coming year. Pepsi raised prices 11% in the July-September period, the sev
Rather than trading down to lower-priced brands, many shoppers are buying the same name-brand products in smaller amounts, according to PepsiCo. The food and beverage giant shared in prepared remarks
PepsiCo (PEP) reported third quarter results that topped analyst estimates on both the top and bottom lines. The food and beverage company also raised its full-year earnings outlook.
Israel has secured its Gaza border while Hamas forces continue their assault. The U.S. government is unable to provide any formal aid without a sitting Speaker of the House.
The snacks and soda giant sees a cautious but still healthy consumer as staples stocks get hit hard.
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