PepsiCo Inc CFO Hugh Johnston Says In Latin America, Clearly There Is Some Consumer Pressure Based On Not Just The Pricing But The Broader Basket Of Inflation; "In Developed Markets We See Consumers Still Really Doing Quite Well"
Portfolio Pulse from Benzinga Newsdesk
Pepsico Inc's CFO, Hugh Johnston, has noted consumer pressure in Latin America due to not just pricing but also broader inflation. However, he stated that consumers in developed markets are still doing quite well.
July 13, 2023 | 12:14 pm
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NEUTRAL IMPACT
Pepsico's CFO has noted consumer pressure in Latin America due to inflation, which could impact sales and revenues in the region. However, the situation in developed markets remains positive.
The CFO's comments suggest potential challenges for Pepsico in Latin America due to inflation, which could negatively impact sales and revenues. However, the positive outlook for developed markets could offset this, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100