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Pepisco's Little Island plant in Co Cork

PepsiCo cuts annual profit forecast on trade war fears

PepsiCo has today cut its annual profit forecast and warned of higher production costs and volatility from a global trade war sparked by President Donald Trump's expansive tariffs.

Business • 24 Apr

PepsiCo has today posted a surprise drop in third-quarter revenue

PepsiCo trims sales forecast as customers cut back

PepsiCo has cut its forecast for annual sales growth as picky consumers in North America limit their spending on savory snacks and drinks, while opting for cheaper private-label brands.

Business • 08 Oct 24

Britvic rejected a £3.11 billion takeover proposal from Carlsberg last week

Britvic suspends share buyback after Carlsberg's approach

Britvic said today it would suspend its £75m share buyback in light of Danish brewer Carlsberg's proposal to buy the British soft drinks maker.

Business • 08 Jul 24

The move by PepsiCo could pave the way for Carlsberg to raise its bid for soft drinks maker Britvic

PepsiCo waives bottling clause as Carlsberg eyes Britvic

Carlsberg said today that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected.

Business • 24 Jun 24

PepsiCo said its average prices jumped 5% for the quarter ended March 23

PepsiCo beats quarterly revenue estimates on price hikes

PepsiCo has today beaten Wall Street expectations for first-quarter revenue as demand held steady for the drinks and snacks giant's Tropicana juices and Cheetos in its international markets.

Business • 23 Apr 24

PepsiiCo said its net revenue fell to $27.85 billion in the quarter from $28 billion a year earlier

PepsiCo posts rare sales miss as price hikes dent demand

PepsiCo fell short of Wall Street estimates for fourth-quarter revenue and forecast weak organic growth for 2024 as the soft drinks and snacks giant's multiple price hikes crimp demand for its juices and Lay's crisps.

Business • 09 Feb 24

Carrefour is telling customers it will no longer sell PepsiCo products because they had become too costly

Carrefour not selling PepsiCo goods due to price hikes

Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly, in the latest tug-of-war over prices between retailers and global food giants.

Business • 04 Jan 24

Shares of the company, which owns brands including Mirinda, and Gatorade, rose nearly 2% in early trading

PepsiCo plans to raise prices amid steady demand

PepsiCo has said it is planning "modest" price hikes next year as demand held up despite multiple increases that prompted the company to raise its 2023 profit forecast for a third straight time.

Business • 10 Oct 23

PepsiCo lifts annual forecasts again on price hikes

PepsiCo has raised its annual revenue and profit forecasts for the second time this year after the snacks and drinks giant comfortably beat quarterly estimates on price hikes and resilient demand.

Business • 13 Jul 23

Minister Simon Coveney along with PepsiCo and IDA Ireland executives at PepsiCo's Little Island plant in Cork

PepsiCo invests €127m at Little Island plant in Cork

Drinks and snacks company PepsiCo said today its €127m investment at its Little Island manufacturing facility in Cork is nearly complete.

Business • 12 May 23

A near duopoly in the carbonated drinks market with Coca-Cola helped PepsiCo raise prices over the last few quarters with little pushback

PepsiCo's price increases drive up quarterly results

PepsiCo has beat analysts' estimates for fourth-quarter revenue and profit, benefiting from price hikes for its drinks and snacks to tackle rising costs.

Business • 09 Feb 23

The beat-and-raise pushed the company's shares 2.6% higher in premarket trade

PepsiCo lifts annual forecasts for revenue and profit

PepsiCo has lifted its annual forecasts for revenue and profit as the fizzy drink and snack giant raised prices again to battle surging costs while also signaling resilient consumer demand.

Business • 12 Oct 22

PepsiCo said it was seeing little impact on demand for its drinks and snacks despite decades-high inflation

PepsiCo says snacks, drinks could get more expensive

PepsiCo has raised its full-year revenue forecast and said it could increase prices further in the coming months, with the beverage giant seeing little impact on demand for its drinks and snacks despite decades-high inflation.

Business • 13 Jul 22

Coca-Cola's adjusted revenue rose 10.1% to $9.47 billion, topping estimates of $8.96 billion

PepsiCo, Coke warn of inflation impact

The world's top two cola makers, Coca-Cola and PepsiCo, have today warned of pressure on profits this year from a relentless rise in costs after trouncing sales expectations on robust demand and price increases.

Business • 10 Feb 22

PepsiCo has today raised its full-year revenue forecast as Covid restrictions ease

PepsiCo raises annual revenue forecast as demand jumps

PepsiCo has today raised its full-year revenue forecast, as the opening of public venues including cinemas and restaurants following the lifting of pandemic-induced restrictions boosted demand for its sodas and snacks.

Business • 05 Oct 21

Roberto Azevedo on August 31 will step down as WTO Director-General after seven years at the helm

Departing WTO chief gets top job at PepsiCo

The World Trade Organization's exiting chief, who is leaving the crisis-stricken institution a year ahead of schedule, will move to the private sector as a top executive at PepsiCo, the company said today.

Business • 20 Aug 20

PepsiCo has beaten analysts' estimates for quarterly revenue and profit

PepsiCo's results beat as lockdowns boost snack sales

PepsiCo beat analysts' estimates for quarterly revenue and profit, as people stocked up on its snacks including Cheetos and Doritos before hunkering down in their homes due to Covid-related restrictions.

Business • 13 Jul 20

Pepsico said it expected second-quarter organic sales to decline at a low single digit rate

PepsiCo says snacks to ease, not cure lockdown blues

PepsiCo has today warned that its organic revenue and operating profits would suffer in the second quarter as major buyers of its drinks, such as restaurants, cinemas and stadiums, were forced to shut down to help control the spread of the coronavirus.

Business • 28 Apr 20

Pepsico took a $2.5 billion one-time charge related to new US tax laws in the fourth quarter

PepsiCo beats sales estimates on snacks boost

PepsiCo's sales topped Wall Street forecasts in the fourth quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in sales of sugary drinks.

Business • 13 Feb 18

PepsiCo said that about 45% of its net revenue now came from 'guilt-free' products

PepsiCo sales helped by demand for healthy choices

PepsiCo has reported better than expected quarterly net revenue and profit, helped by higher demand in North America for its lineup of beverages and snacks with fewer calories and more natural ingredients.

Business • 29 Sep 16

PepsiCo beats estimates on higher snack sales

PepsiCo has today reported a better than expected quarterly profit, helped by higher demand for its Frito-Lay snacks in North America and beverages in the Americas.

Business • 23 Apr 15

PepsiCo's profit dips amid turnaround push

PepsiCo's net income dipped 5% in the third quarter, as the food and beverage maker continued to pour more money into bolstering its flagship brands.

Business • 17 Oct 12

Pepsico