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Home›Earnings›Results›PepsiCo shares fall after snack price cuts fail to lif…

PepsiCo shares fall after snack price cuts fail to lift volumes

PepsiCo said its North America snack volume was flat despite a second straight quarter of price cuts, and beverages remained a problem.

Reported · Written up by our desk · Results

PepsiCo shares fell in early Thursday trading after the beverage and snack company posted a fiscal second-quarter profit and revenue that beat expectations, but did not raise its full-year outlook, according to MarketWatch.

While international business strength helped drive the earnings beat, MarketWatch reported that North America snacks saw flat volume despite a second consecutive quarter of price cuts.

MarketWatch also said PepsiCo’s beverages business continued to lag, contributing to investor concern even after the quarterly results surpassed forecasts.

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Sources

MarketWatchPepsiCo cut snack prices again, but not enough to get American consumers to buy more
MarketWatchPepsiCo cut snack prices again, but not enough to get American consumers to buy more

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