PepsiCo hikes prices, consumer demand steady for drinks, snacks
PepsiCo’s first-quarter earnings beat Wall Street expectations after strong consumer demand for soda and snacks, and as the company raised its prices to combat high inflation.
PepsiCo to use over 700 EVs for Frito-Lay deliveries by year's end
Frito-Lay plans on using hundreds of electric vehicles for deliveries by year's end, according to a press release Thursday from parent company PepsiCo.
Pepsi using AI to track consumer demand, speed up product development
PepsiCo has spent the last few years working to incorporate artificial intelligence (AI) into its sales and product development processes, in addition to quality control.
Pepsi unveils new look first refresh in 14 years
The Pepsi logo will get a refresh for the first time in 14 years, the soda brand's parent PepsiCo announced Tuesday. North America will be the first region to get the new logo.
Pepsi, Peeps doing limited-time release of marshmallow soda in stores across country
Pepsi drinkers have another opportunity to try the marshmallow soda the beverage giant created in collaboration with Peeps, the companies announced Tuesday.
Are Super Bowl ad buyers good for shareholders?
U.S. markets usually do not react to the Super Bowl ads, but in 2023, inflation and looming recession have retail traders buying commodities, ETFs and consumer staple stocks like Pepsi, Coca Cola, Walmart and Proctor & Gamble.
Pepsi price hikes drive profits
PepsiCo reported big earnings on Thursday to beat analysts’ predictions after inflation forced price hikes in 2022 and helped increase fourth-quarter profit and revenue.
PepsiCo to lay off hundreds of employees
PepsiCo plans to lay off hundreds of white collar workers as it streamlines marketing and centralizes manufacturing.
PepsiCo to lay off hundreds of workers in headquarters roles
Pepsi is firing corporate employees as inflation and recession tendencies in the economy make doing business more expensive and drives up production costs.
Tesla Semi delivery event scheduled for December 1
The first customer Tesla Semis will be delivered at an event at the automaker's factory in Sparks, Nevada, on December 1, more than five years after it was unveiled.
Amazon Prime Early Access sale, Consumer Price Index, bank earnings top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
PepsiCo says soda, snack prices may rise
PepsiCo signaled Tuesday that it will likely raise prices on the company's beverages and snacks as raw material costs climb and demand remains steady.
Pepsi unveils 'Cracker Jill' version of 'Cracker Jack' to promote women's sports
The Pepsi Co. announced this week it is unveiling a new character named “Cracker Jill” as part of its “Cracker Jack” brand in an effort to promote the accomplishments of women in sports.
Pepsi, IHOP collab on limited-edition 'maple syrup cola' that’ll go to 2,000 fans
PepsiCo and IHOP have partnered on an extremely limited soda flavor that’s supposed to taste like maple syrup.
McDonald's, PepsiCo urged to cease Russia operations by NY pension fund
The New York State Comptroller's office helps guide a $280 billion fund that has an estimated $110.8 million in public equity investments, including direct holdings and co-mingled funds in Russian companies.
Calls to boycott McDonald's, other brands in wake of Russia's invasion of Ukraine
Major global brands, including McDonald's Corp, PepsiCo Inc. and the Estee Lauder Cos Inc. should consider pausing their operations in Russia, New York state's pension fund chief wrote in letters to several companies on Friday.
Companies grapple with post-pandemic inventories dilemma
Companies are wrestling with how big their inventories should be, since the pandemic highlighted the dangers of having both too much and too little stored away.
Coke to pay $5.6 billion for full control of BodyArmor
Coca-Cola Co. is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, according to people familiar with the matter, amping up a rivalry with Gatorade.
Mountain Dew goes hard as PepsiCo, Boston Beer partner on a boozy version
Boston Beer, the company behind the Samuel Adams beer and Angry Orchard hard cider, will make the alcoholic Mountain Dew rendition, while PepsiCo has set up a new entity to sell the product, the companies said. They expect it to be on shelves in early 2022.
Pepsi to sell Tropicana, Naked and other juice brands
Pepsi is selling its juice portfolio to private equity to beef up its focus on healthier snacks and drinks.