PepsiCo raises prices and reduces sizes to offset rising costs
Pepsi reported net income of $1.43Bn or the second quarter, down from $2.36 billion a year ago. Company anticipates costs to increase considerably more in the second half of the year. PepsiCo took a $1.17 billion charge for the Russia-Ukraine conflict-related quarter. As prices rose and consumers paid more for its Doritos crisps and Gatorade … Read more
