The Latest Breaking News from Ramon Laguarta

Previously, the company had anticipated a 4% growth, but it now expects a low-single-digit increase in organic revenue for 2024. However, PepsiCo has maintained its forecast for core constant currency earnings per share, projecting at least an 8% increase.

Here are the stocks making the biggest market moves midday.

The three soda flavors had begun to disappear in December and now they are fully gone from stores.

Only 20% of the top 1,000 companies have targets to reduce their emissions, a sign not enough leaders are taking climate change seriously.

Fresh from raising annual earnings targets, CEO Ramon Laguarta told fearful investors other lifestyle trends like the snack-ifcation of meals is actually driving demand.

Weight-loss drugs aren't the reason for suppressed shopping cart spending in a shaky economy, Pepsi executives say.

"Moving forward, we will continue to focus on driving growth and winning in the marketplace," said CEO Ramon Laguarta.

"We are pleased with our results despite ongoing macroeconomic and geopolitical volatility and higher levels of inflation across our markets," said CEO Ramon Laguarta.

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…