Pepsi CEO Addresses Weight Loss Drug Concerns, Sees No Impact On Business
Portfolio Pulse from Benzinga Neuro
PepsiCo Inc.'s CEO, Ramon Laguarta, has stated that the rise in weight loss and diabetes medications has had a negligible effect on the company's business. Despite warnings about the potential impact of appetite-suppressing drugs on food consumption habits, Laguarta remains confident in PepsiCo's strategy of offering healthier options and smaller package sizes. The company has reported a nearly 7% rise in net sales to $23.45 billion and has adjusted its full-year forecast upwards for the third consecutive quarter.

October 11, 2023 | 9:36 am
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PepsiCo's CEO remains confident in the company's strategy despite concerns about the impact of weight loss drugs on food consumption. The company has reported a rise in net sales and has adjusted its full-year forecast upwards.
The CEO's confidence in the company's strategy and the reported rise in net sales suggest a positive outlook for PepsiCo. The adjustment of the full-year forecast upwards also indicates strong performance and growth expectations.
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IMPORTANCE 80
RELEVANCE 100