Published 3 months ago

Pepsi quarterly revenue disappoints on slowing sales

Summary by ARY News

Pepsi missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from private-label brands slowed sales of its snacks and soda mainly in the United States, its largest market. Analysts have said that product prices, which are starting to normalize after nearly two years of multiple hikes, are still higher than pre-pandemic levels, giving packaged-food companies such as Pepsi little room to raise prices …

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Pepsi quarterly revenue disappoints on slowing sales

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