Ramon Laguarta - Truenewj

Jim Cramer on PepsiCo’s recent rally: “Maybe something is up”

amefika4 months ago02 mins

PepsiCo, Inc. (NASDAQ:ENERGY) is one of the actions on Jim Cramer’s recent game plan. Cramer highlighted the company’s snack division’s struggle due to GLP-1 drugs, as he commented: Now, Tuesday morning is full of high-profile companies like PepsiCo, Merck and Pfizer. I am concerned about PepsiCo about its snack division, Frito-Lay. He’s struggling, a victim…

PepsiCo CEO: Major reform underway

amefika8 months ago02 mins

PepsiCo (PEP) is doubling down on its snacks business after years of declining volume growth. On Thursday, before the market opened, the company beat Wall Street’s low earnings estimates in its third-quarter report. But the snack slowdown continued in the United States: North American food revenue fell 3% and units sold declined 4%. PepsiCo CEO…