Despite unveiling ambitious plans for its parks and cruises, Disney is facing the challenge of rising costs, impacting visitor affordability. While the company emphasizes accessibility, recent price hikes and declining attendance suggest a shift in consumer behavior. Disney is investing heavily in new experiences to maintain visitor interest but faces a balancing act between attracting guests and maintaining profitability.
PepsiCo reported better-than-expected revenue in the first quarter of 2023, boosted by strong international demand for its snacks and beverages. Revenue increased by 2% to $18.3 billion, surpassing analysts’ forecasts of $18 billion. The company faced challenges in North America due to a Quaker Oats recall, leading to a 24% sales decline in Quaker Foods. However, robust growth in Asia Pacific (11%) and Europe (10%) offset these losses. Despite facing retailer disputes in Europe, PepsiCo has successfully resolved its pricing issues with Carrefour and resumed product distribution. The company has implemented price increases to counter rising ingredient costs, with net pricing rising 5% globally in the first quarter.
PepsiCo reported strong financial results in the first quarter, driven by robust international demand for its snacks and beverages. Despite a recall-related sales decline in North America, the company’s Asia Pacific and Europe operations delivered double-digit sales growth. PepsiCo’s price increases have slowed in the first quarter, with net pricing up 5% globally. The company’s earnings per share also surpassed Wall Street estimates, contributing to a positive outlook.
