Coca-Cola is set to report its third-quarter financial results on Wednesday, October 23rd. Analysts are expecting modest revenue growth and earnings in line with last year, but investors will be closely watching for signs of easing inflation and continued strength in international markets. The report comes after rival PepsiCo reported mixed results and lowered its full-year revenue guidance, making Coca-Cola’s performance even more important for the beverage sector.
PepsiCo is taking a bold step to combat ‘shrinkflation’ by offering larger bags of chips at the same price. The move aims to attract cost-conscious consumers and revive flagging snack sales, which have been impacted by rising inflation and shrinking purchasing power. This strategic shift could signal a trend in the industry, with other snack manufacturers potentially following suit.
PepsiCo’s mixed third-quarter results sparked analysis from BofA Securities analyst Bryan D. Spillane, who maintains a ‘Buy’ rating and a $185 price target. While the company exceeded earnings estimates, revenue fell short of expectations. Spillane notes that PepsiCo’s revised guidance suggests a potential need for additional support next year, but he remains optimistic due to remedial actions addressing volume weakness.
US stock markets are poised for a rebound as bond yields decline, oil prices fall, and PepsiCo pulls back. Investors are closely watching interest rates and inflation as the S&P 500 approaches record highs.
PepsiCo’s stock dipped after the company announced mixed third-quarter results and lowered its 2024 organic revenue guidance. Despite challenges, PepsiCo remains committed to shareholder returns, expecting strong EPS growth and significant cash returns.
Celsius Holdings, the energy drink maker, saw its shares plummet to new 52-week lows on Monday, as the company grapples with slowing growth and a recent decision by its distribution partner, PepsiCo, to scale back orders. The stock has lost nearly half its value this year.
PepsiCo is set to release its quarterly earnings report on October 8th. Analysts anticipate strong earnings, with investors looking for positive guidance on future performance. This article examines PepsiCo’s track record, market sentiment, and financial metrics to help investors navigate the upcoming announcement.
PepsiCo is reportedly in advanced discussions to purchase Siete Foods, a popular tortilla chip manufacturer, for over $1 billion. The acquisition, expected to be announced soon, comes as PepsiCo aims to expand its healthier snack options amidst rising inflation and consumer shifts towards private-label brands.
Varun Beverages, a major PepsiCo franchisee, has announced a $50 million investment in a new Pepsi production facility in Kiswishi City, Democratic Republic of Congo. The plant, located in the country’s first private Special Economic Zone (SEZ), will create thousands of jobs and strengthen PepsiCo’s presence in the fast-growing African market.
Several top Wall Street analysts have downgraded their ratings for prominent companies including PepsiCo, Darden Restaurants, Notable Labs, Rapid7, and FedEx. These downgrades reflect concerns about the companies’ future prospects and potential challenges in the market.
