The American PepsiCo, producer of, for example, Pepsi cola, Lay’s chips, Doritos pretzels and Quaker cereals, recorded more turnover in the fourth quarter, partly helped by higher selling prices of snacks and soft drinks. By raising prices, the company wants to compensate for the increased costs for raw materials, packaging materials, transport and energy. In addition, more products were also sold.
Revenue in the fourth quarter rose by more than 12 percent on an annual basis to more than 25 billion dollars, or 22 billion euros. A net profit of 1.3 billion dollars was achieved, which is less than a year earlier due to higher costs.
Sales, excluding currency effects, acquisitions and divestments, rose nearly 12 percent in the quarter. For this year, PepsiCo forecasts growth of 6 percent. The company also announced that it would increase its dividend and start buying back $10 billion in its own shares in the period up to February 2026.
PepsiCo has further completed the sale of select juice brands in the United States and Europe to French investor PAI Partners. These include Tropicana juices. PepsiCo has placed the brands in a partnership with PAI, which owns the Dutch Refresco, known for the Wicky brand.
Higher sales prices support PepsiCo . revenue growth
Source link Higher sales prices support PepsiCo . revenue growth