PepsiCo buying prebiotic soda brand Poppi for nearly $2B
PepsiCo said Monday it would buy prebiotic soda brand POPPI for $1.95 billion and expand into the “healthier soda” category as it fights lower demand for traditional drinks and snacks. PepsiCo shares rose 1.5% in morning trading. Young Americans are increasingly turning to healthier sodas and energy drinks as part of a broader shift towards […]
PepsiCo closing NY factory that makes PopCorners, lay off nearly 300
Pepsico has announced that it will close its Hudson Valley manufacturing facility, which makes popcorn snacks. As a result, nearly 300 people lost their jobs. The decision to close New York's freedom marks the end of the era of plants, which has been a key employer in the area for nearly 30 years. PepsiCo spokesman […]
Stocks making the biggest moves premarket: Pfizer, PepsiCo, Palantir, Merck & more – CNBC
Check out the company making headlines in front of the bell. Pfizer -Pharmaceutical stock has added 1.8 % to the fourth quarter results exceeding expected. The Pfizer reported 63 cents per share with a profit of $ 17,760 million. Analysts voted by LSEG estimated 47 cents per share for $ 17.36 billion. Pepsico -Pepsi's fourth […]
PepsiCo sued by Richard Montañez over Flamin’ Hot Cheetos invention claim
A spicy debate may soon be resolved in court: Who invented Flamin’ Hot Cheetos? A former PepsiCo executive is suing the company, claiming that he destroyed his career after questioning its claim that he invented a flavor for the popular snack Cheetos. PepsiCo said Thursday it would not comment on the lawsuit, which was filed […]
PepsiCo revenue disappoints as inflation-battered customers cut back
PepsiCo Inc.’s second-quarter profit soared but sales fell short of Wall Street expectations as cash-strapped customers cut spending on snacks amid rising inflation. The junk-food conglomerate, which owns brands including Pepsi, Frito-Lay, Quaker and Gatorade, also lowered its forecast for fiscal 2024, predicting organic revenue growth of 4%. While that figure technically meets PepsiCo’s original […]
PepsiCo Recalls Mug Root Beer After Accidentally Mislabeling Cans
PepsiCo has recalled yet another soda over mislabeling a week after having to recall a different drink, the U.S. Food & Drug Administration (FDA) announced Wednesday. The brand is recalling just over 2,800 cases of their Mug Root Beer after it was reported that the cans contain the zero sugar version of the drink, according […]
PepsiCo Recalls Mug Root Beer, Citing Mislabeled ‘Sugar-Free’ Mix-Up
On February 17, 2024, MUG Root Beer attended “The Real Dogs of All-Star Weekend: The Butler University Dawg Pound” held at Butler University in Indianapolis, Indiana, and was the Butler mascot. A certain Blue IV attends. (Photo by Brian Ach/MUG Root Beer Getty Images) OAN’s James Myers3:12pm – Friday, April 26, 2024 In addition to […]
Stocks making the biggest moves midday: Pinterest, Cloudflare, PepsiCo, Expedia and more – CNBC
Check out the companies that are trending in intraday trading. Pinterest — Shares fell about 11% after the image-sharing company issued a weaker-than-expected outlook for first-quarter earnings. Late Thursday, Pinterest announced fourth-quarter revenue that disappointed Wall Street but beat profits, according to LSEG. CleanSpark – The Bitcoin miner soared 37% on Thursday after announcing better-than-expected […]
PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes
PARIS (AP) — Global supermarket chain Carrefour is cutting prices at stores in France, Belgium, Spain and Italy due to price hikes on popular products such as Lay's potato chips, Quaker Oats, Lipton tea and its namesake soda. Discontinue sales of PepsiCo products. The French grocery chain announced Thursday that it has removed PepsiCo products […]
PepsiCo products removed from supermarket giant’s shelves over ‘unacceptable’ price hikes
European supermarket chain Carrefour has removed PepsiCo products from its shelves, saying the price hikes are “unacceptable”. This issue is being raised by other major companies in the industry as well. The chain, which has more than 12,000 stores worldwide, is stocking PepsiCo Pepsi and 7Up sodas, Lipton teas and Quaker foods from shelves in […]