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PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume

Por: ABC News Business July 13, 2023

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PepsiCo saw lower demand for its drinks and snacks in the second quarter, but higher prices continued to boost its bottom line.The Purchase, New York-based company reported better-than-expected revenue and raised its full-year earnings forecasts.Shares rose more than 2% before the market opened on Thursday. Snack volumes fell 3% in the April-June period, while beverage volumes dropped 1%, but net pricing rose 15%. It was the sixth consecutive... + full article



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