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Stock Market News

PepsiCo raises full-year revenue forecast

04/26/2022

Less than a minute

2022.04.26 13:17

PepsiCo raises full-year revenue forecast
FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo

(Reuters) – PepsiCo (NASDAQ:PEP) Inc raised its full-revenue forecast on Tuesday, aided by higher prices and a rebound in demand for its sodas at theaters and restaurants.

The company said it now expects fiscal 2022 organic revenue to rise 8%, compared with its forecast of a 6% increase.

The company also said it took a $241 million charge in the first-quarter related to Russia-Ukraine crisis.

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04/26/2022

Less than a minute