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PepsiCo’s revenue for the quarter was up 10.2% compared to the same quarter last year.
Short sees PepsiCo’s investment as legitimizing the pivot under Simo.
The snack and beverage giant said it increased prices globally by 11% on average, helping nudge revenue higher than analysts’ expectations, despite PepsiCo’s volume falling 2.5%.
Source: https://krdo.com/news/2023/10/10/pepsi-scores-a-big-profit-on-the-back-of-higher-prices/