The Latest Breaking News from PEP

PepsiCo Inc (NASDAQ:PEP) reported fourth-quarter FY21 sales growth of 12.4% year-on-year, to $25.24 billion, beating the consensus of $24.22 billion. Net revenue from Frito-Lay North America increased 13% Y/Y, Quaker Foods North America rose 9%, and PepsiCo Beverages North America climbed 13%. Latin America sales rose 16% Y/Y, Europe sales grew 8%. The…

The week of Feb. 7 is full of quarterly earnings reports from some of the largest publicly traded companies. Benzinga Pro covers the latest headlines on every stock and also highlights expected earnings for companies while taking a look at whether companies beat or miss analyst expectations.

Concerns over high inflation and the Federal Reserve’s plan to raise interest rates has led to the tech-heavy Nasdaq into correction territory lately. Therefore, we think it could be wise to bet now on consumer defensive stocks because they typically perform relatively well in an inflationary environment. Inelastic product demand,…

Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NASDAQ: PEP) destroyed their solid uptrends on Monday by falling almost 3% each intraday. Coca-Cola fell below its Jan.