Current location:business >>
PepsiCo beats Q1 revenue forecasts as price increases moderate
business7484People have gathered around
IntroductionPepsiCo reported better-than-expected revenue in the first quarter on strong international demand fo ...
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.
The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than the $18 billion Wall Street forecast, according to analysts polled by FactSet.
Pepsi reaffirmed its financial guidance for 2024, including organic revenue growth of 4%. The company has said it expects to return to more normal rates of growth this year after several years of inflation-driven price increases.
That may have disappointed investors who have grown used to stronger growth at PepsiCo. Last year organic revenue grew 9.5%, for example. PepsiCo’s shares fell more than 2.5% in morning trading Tuesday.
In North America Frito-Lay revenue rose 2% while Pepsi beverage sales were up 1%. Sales were hurt by a recall early in the quarter of Quaker Oats cereal, bars and snacks because of potential contamination with salmonella. Quaker Foods sales dropped 24% during the quarter.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Universal Unfoldings news portal”。http://malta.downmusic.org/news-11b599444.html
Related articles
Mystery artist who erected signs comparing pothole
businessA defiant resident infuriated by the potholes in their road has taken revenge on the council by erec ...
【business】
Read moreIsrael cancels indoor mask requirement
businessPeople visit a shopping mall in central Israeli city of Modiin, on April 24, 2022. The decision to c ...
【business】
Read moreChina's Hubei launches first freight train via China
businessA freight train to Laos' Luang Prabang departs from a logistics base in Wuhan, central China's Hubei ...
【business】
Read more
Popular articles
- California congressman urges closer consultation with tribes on offshore wind
- In pics: Olympic Village for Tokyo 2020 Olympic Games
- Xiplomacy: China
- Xi Focus: Xi Stresses Consolidating Agricultural Foundation, Advancing Rural Revitalization
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Insights丨Foreign experts: The world draws lessons on China’s integrated urban
Latest articles
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
News Analysis: U.S. president touts gas tax holiday amid surging energy prices
Hundreds gather in London to protest against Assange's U.S. extradition
China to relax foreign investment rules amid further opening up
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
China to relax foreign investment rules amid further opening up
LINKS
- Oprah Winfrey, Dwayne Johnson give more than promised for Maui fire
- This week: economic growth, unemployment, inflation update
- Britain's Got Talent judges are shocked as stuntman's death
- Former FAU standout Alijah Martin signs with Florida over Alabama, Arkansas, Michigan and others
- The US is expected to block aid to an Israeli military unit. What is Leahy law that it would cite?
- PSG can clinch another league title if it wins at Lorient and Monaco does not beat Lille
- Michael Jordan celebrates NASCAR Talladega win with driver Tyler Reddick's son
- TOWIE star Vas J Morgan cuts a casual figure as he steps out in his own activewear brand
- Andrew Garfield looks loved
- Victoria Beckham and her mini