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PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operations
Read full article: PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operationsPepsiCo says it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations.
PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewhere
Read full article: PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewherePepsiCo lowered its sales forecast for the year after consumers in the U.S., China and elsewhere pulled back on its snacks and drinks.
PepsiCo's second quarter profits jump but customers slow their purchases after years of price hikes
Read full article: PepsiCo's second quarter profits jump but customers slow their purchases after years of price hikesPepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks.
US inflation cools again, potentially paving way for Fed to cut interest rates soon
Read full article: US inflation cools again, potentially paving way for Fed to cut interest rates soonInflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.
PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes
Read full article: PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikesGlobal supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats and its namesake soda.
New York sues PepsiCo in effort to hold it responsible for litter that winds up in rivers
Read full article: New York sues PepsiCo in effort to hold it responsible for litter that winds up in riversNew York state has sued PepsiCo in an effort to hold the soda-and-snack food giant partly responsible for litter that winds up in bodies of water that supply the city of Buffalo with drinking water.
PepsiCo hikes prices by double digits for the 7th consecutive quarter and profits jump 14%
Read full article: PepsiCo hikes prices by double digits for the 7th consecutive quarter and profits jump 14%PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices.
PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume
Read full article: PepsiCo raises 2023 profit expectations as price hikes offset falling sales volumePepsiCo saw lower demand for its drinks and snacks in the second quarter but higher prices continued to boost its bottom line.
More than 25K cases of Starbucks Vanilla Frappuccino bottles recalled, may contain glass, FDA says
Read full article: More than 25K cases of Starbucks Vanilla Frappuccino bottles recalled, may contain glass, FDA saysMore than 25,000 cases of Starbucks Vanilla Frappuccino bottles have been recalled because the drinks may contain glass, according to the Food and Drug Administration.
Real Talk, Real Solutions: PepsiCo commits to investing in Central Florida community
Read full article: Real Talk, Real Solutions: PepsiCo commits to investing in Central Florida communityNews 6 anchor and Real Talk Real Solutions host Ginger Gadsden recently sat down with the first president of multicultural business & equity development at PepsiCo to learn more about his role and how he is using it to strengthen minority communities.
McDonald’s to temporarily close 850 stores in Russia
Read full article: McDonald’s to temporarily close 850 stores in RussiaMcDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric all announced Tuesday they were suspending their business in Russia in response to the country’s invasion of Ukraine.
Leibovitz photo of Indra Nooyi to appear on Nooyi's memoir
Read full article: Leibovitz photo of Indra Nooyi to appear on Nooyi's memoirAfter decades of photographing rock stars, movie stars and heads of state, Annie Leibovitz has added a business leader to her portfolio, former PepsiCo CEO Indra Nooyi.
Peeps Pepsi is now a thing
Read full article: Peeps Pepsi is now a thingNow you can eat Peeps and drink them, too. Pepsi and Peeps are teaming up for a new cola that combines the two sweet flavors. Pepsi announced a collaboration with Peeps called PEPSI x PEEPS. AdAll you have to do is post your favorite springtime activities on Instagram and Twitter with the hashtag #hangingwithmypeeps and tag Pepsi. Pepsi says the new flavor could eventually be sold publicly if there’s demand for it.
Former PepsiCo CEO Indra Nooyi has memoir out in September
Read full article: Former PepsiCo CEO Indra Nooyi has memoir out in SeptemberFILE - Indra Nooyi participates in an event on Oct. 9, 2018, in New York. The former PepsiCo CEO has a memoir titled "My Life in Full: Work, Family and Our Future" coming out Sept. 28, 2021. (AP Photo/Seth Wenig, File)NEW YORK – Former PepsiCo CEO Indra Nooyi has a memoir coming out this fall that her publisher is calling an “unvarnished take" on her rise to becoming one of the world's most powerful women. “My Life in Full: Work, Family and Our Future" will be published Sept. 28, Portfolio Books announced Monday. She worked at PepsiCo for 24 years, 12 of them as CEO, before stepping down in 2018.
PepsiCo goes Beyond Meat in new partnership
Read full article: PepsiCo goes Beyond Meat in new partnershipPepsiCo is joining forces with Beyond Meat to develop new snacks and drinks made from plant-based proteins. (AP Photo/David J. Phillip, File)PepsiCo and Beyond Meat are creating a joint venture to develop snacks and drinks made from plant-based proteins. The join venture gives Pepsi access to one of the leading plant-based meat companies at a time when consumers are increasingly cutting back on meat consumption and looking for healthier, more sustainable foods. Meat giant Tyson Foods, which used to own a stake in Beyond Meat, now has its own line of plant-based meats. U.S. sales of plant-based meat jumped 45% in the 52 weeks ending Jan. 16; traditional meat sales rose 19% in the same period, according to NielsenIQ, a data firm.
Aunt Jemima brand retired by Quaker due to racial stereotype
Read full article: Aunt Jemima brand retired by Quaker due to racial stereotypeA box of Aunt Jemima pancake mix sits on a stovetop Wednesday, June 17, 2020, in Harrison, N.Y. Pepsico is changing the name and marketing image of its Aunt Jemima pancake mix and syrup, according to media reports. (AP Photo/Courtney Dittmar)NEW YORK – America’s painful struggles over racism have finally caught up with Aunt Jemima, that ubiquitous fixture served up at breakfast tables for 131 years. Quaker Oats announced Wednesday that it will retire the Aunt Jemima brand, saying the company recognizes the character’s origins are “based on a racial stereotype.” Indeed, the logo was inspired by 19th century minstrel celebrating the “mammy,” a black woman content to serve her white masters. Richardson said Aunt Jemima epitomizes the dark comfort that some Americans take from imagery of black servitude, so normalized that it's on their box of pancake mix. Earlier this week, the singer Kirby posted a TikTok video called “How to Make a Non Racist Breakfast” explaining some of the backstory of the Aunt Jemima brand.
Pepsi in, Coke out on Carnival Cruises starting in 2020
Read full article: Pepsi in, Coke out on Carnival Cruises starting in 2020New beverage options will be available if you’re taking a Carnival Cruise in 2020. The popular cruise line announced Wednesday it is replacing Coca-Cola products with Pepsi’s line of beverages on its North American fleet starting in Jan. 2020, according to a press release. “At Carnival Cruise Line, we invite our guests to Choose Fun, and now with PepsiCo’s extensive portfolio of brands, we’re able to give them more ways to choose a beverage that suits their taste, mood and preference,” said Christine Duffy, president of Carnival Cruise Line. This switch means passengers will have access to PepsiCo’s line of soft drinks as well as bubly, Pure Leaf, Naked Juice, Gatorade, MTN Dew, Starbucks, Pepsi, Pepsi Zero Sugar, Sierra Mist and Sierra Mist Zero Sugar among others. “We’re also excited to work with PepsiCo on our shared commitment to sustainability, including a reduced reliance on plastics, and alternative ways to deliver and serve water and other beverages.”