PepsiCo CFO Johnston Says Company Sees A Bit More Of A Challenge In Developing And Emerging Markets From The Standpoint Of Consumers Due To Inflation
Portfolio Pulse from Benzinga Newsdesk
PepsiCo's CFO, Johnston, has stated that the company is facing challenges in developing and emerging markets due to inflation. This information was revealed in an interview cited by Reuters.
July 13, 2023 | 12:15 pm
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PepsiCo is facing challenges in developing and emerging markets due to inflation, which could potentially impact its revenues and profitability.
Inflation in developing and emerging markets can increase the cost of goods sold and reduce the purchasing power of consumers. This can lead to decreased sales and profitability for PepsiCo, which could negatively impact its stock price.
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