PepsiCo’s earnings call pointed to anxious consumers as to why sales had slowed, echoing comments made by Chipotle and Procter & Gamble.
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Why Companies Are Nervous About the Consumer
On earnings calls, dozens of corporate executives have cited a slowdown in spending to explain why sales are slipping.
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PepsiCo Reports Big Jump in Profit After Price Increases
The maker of Gatorade and Lay’s, which nearly doubled its profit in its latest quarter, has been raising prices by double-digit percentages for more than a year.
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Pepsi Defies Fears of Slowdown with Strong Earnings and Forecast
The New York Times – Business:Quarterly results provided a sign that shoppers continued to spend despite high inflation squeezing their wallets.