PepsiCo exceeded Q1 revenue and profit expectations driven by global demand and price increases.
PepsiCo surpassed Wall Street expectations for Q1 revenue and profits, benefiting from rising global demand for its products and a 5% increase in average prices. Despite a slowdown in the US, international sales accounted for 40% of the company's revenue in 2023. PepsiCo's CFO, Jamie Caulfield, attributed the inflationary impact to consumer spending strain but expects it to ease over time.
April 28, 2024
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