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☆ Opinion | What’s in a Name? Musk/Twitter Edition
▼ + stars: | 2023-07-27 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

Philip Morris renamed itself Altria, presumably in part to diminish its perceived association with lung cancer, but its customers still smoke Marlboros. But absent such good reasons, sensible businesses keep the brand names their customers keep buying. The Twitter logo was also fine — distinctive, instantly recognizable and without any obvious negative connotations. Furthermore, the new logo — a slightly embellished version of the letter X — is problematic in several ways. Many TAFKAT users say that they’re embarrassed by the logo, which makes them feel as if they’re visiting a porn site.

Persons: Philip Morris, It’s, Jemima Organizations: Google, 7Up, PepsiCo, Twitter Locations: America, Ukraine

☆ PepsiCo says no more price hikes after better-than-expected quarterly results
▼ + stars: | 2023-02-09 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

PepsiCo is in a "real sweet spot" in terms of consumers since they have enough money to buy themselves affordable treats, Johnston said. PepsiCo's North America beverages unit, which houses brands such as Mirinda and 7UP, posted an organic revenue growth of 10% in the fourth quarter. Average prices jumped 16% in the quarter, while organic volume slipped 2%. On an adjusted basis, PepsiCo earned $1.67 per share in the fourth quarter, beating estimates of $1.65, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ PepsiCo's price increases drive quarterly results beat
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

PepsiCo expects inflationary pressures to persist in 2023 and even though it sees resilient consumer demand, the company said it was keeping an eye out for a shift in consumer spending. The Frito-Lay maker forecast annual profit below Wall Street estimates, signaling multiple price hikes were likely to dampen demand for its sodas and snacks amid a cost-of-living crisis. PepsiCo's shares rose 1.6% to $174 in premarket trading after it also raised its annualized dividend by 10% to $5.06 per share. PepsiCo's Quaker Foods North America unit saw operating profit fall about 3% to $188 million as higher production costs took a bite out of margins. PepsiCo said it expects fiscal 2023 core constant currency earnings of $7.20 per share, compared with estimates of $7.28.

☆ The soda market is flat, but not for Dr Pepper
▼ + stars: | 2022-12-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

And recently, Dr Pepper has been gaining ground on its competitors, even as the overall soda market goes flat. “One of the bright spots … has been Dr Pepper.”Founded in 1885 in Waco, Texas, Dr Pepper was the first in a wave of 19th-century upstart soda companies. Courtesy Keurig Dr PepperToday, Dr Pepper advertises itself as a treat, using a pint-sized mascot called Lil’ Sweet in its commercials. After Dr Pepper established itself as an alternative to mainstream colas, it launched on a path that ultimately made it part of the country’s third-largest soft drink maker, Keurig Dr Pepper. Dr Pepper hits the sceneDuring the wave of mega-mergers in the 1980s, Coca-Cola tried to scoop up Dr Pepper.

☆ Keurig Dr Pepper Names New CFO to Fill Gap Left by Elevation of CEO
▼ + stars: | 2022-10-24 | by ( Kristin Broughton | Colin Kellaher | ) www.wsj.com time to read: +4 min

Keurig Dr Pepper Inc. hired a new executive to lead its finances after it promoted its former chief financial officer to the role of chief executive. In his new role, Mr. Priyadarshi will oversee Keurig Dr Pepper’s finance and information technology divisions. Keurig Dr Pepper is scheduled to report quarterly results on Thursday. Keurig Dr Pepper has said that acquisitions are a top priority for capital allocation. Keurig Dr Pepper Monday said Mr. Priyadarshi wasn’t available for an interview and declined to comment beyond its release.

☆ PepsiCo rides on price increases to lift annual forecasts
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - PepsiCo Inc (PEP.O) raised its annual revenue and profit forecasts on Wednesday, powered largely by the multiple price increases the soda and snack giant had made to cushion the impact of rising costs. A trend that has benefited U.S. packaged food makers like PepsiCo that offer everything from snacks to sports drinks. The price increases helped boost revenue across all its segments, especially its biggest two divisions of North America beverage and Frito-Lay. PepsiCo had raised its revenue expectations in April and July. The company's net revenue rose about 9% to $21.97 billion in the third quarter ended Sept. 3, beating analysts' estimates of $20.84 billion, according to IBES data from Refinitiv.

☆ PepsiCo rides on price increases to raise annual forecasts
▼ + stars: | 2022-10-12 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - PepsiCo Inc (PEP.O) on Wednesday lifted its annual forecasts for revenue and profit as the soda and snack giant raised prices again to battle surging costs while also signaling resilient consumer demand. The price mark-ups helped revenue rise across all segments, especially in its biggest two divisions of North America beverage and Frito-Lay. The company raised its 2022 organic revenue forecast for a third time this year and now expects it to rise 12%, compared to a prior forecast of a 10% increase. For the quarter, the company earned a better-than-expected profit of $1.97 per share on revenue of about $22 billion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

A view shows a shelf with bottles of Pepsi at a grocery store in Moscow, Russia September 9, 2022. The continued production means sodas are still widely available in Moscow and also in Vladivostok in the far east and Krasnoyarsk in Siberia, according to a review by Reuters. The West has not sanctioned food and drink as part of sweeping measures aimed at punishing Russia over its actions in Ukraine. Earlier in the summer, shops in the capital were still selling off stockpiles of foreign beers, months after the brewers said they would halt production. read moreAtlanta-based rival Coca-Cola Co's (KO.N) production in Russia also continued after it said in March it would suspend operations.

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