Pepsi And Cheetos Return To Carrefour Shelves: Report
Portfolio Pulse from Shivani Kumaresan
Carrefour SA (OTC:CRRFY) and PepsiCo Inc (NASDAQ:PEP) have resolved their three-month dispute over grocery prices, leading to the restocking of PepsiCo products, including Cheetos, in Carrefour stores in France. Negotiations for returns in four other countries are ongoing. The disagreement began in early January when Carrefour stopped carrying PepsiCo products due to unacceptable price increases. This dispute affected about 10,000 Carrefour stores across Europe, with these stores accounting for approximately 0.27% of PepsiCo's global revenue.
April 04, 2024 | 1:39 pm
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POSITIVE IMPACT
Carrefour SA has resolved its pricing dispute with PepsiCo, leading to the restocking of PepsiCo products in its French stores.
The resolution of the dispute with PepsiCo is likely to have a positive short-term impact on Carrefour's stock as it ensures the availability of popular products in its stores, potentially boosting sales and customer satisfaction in the French market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
PepsiCo Inc has reached an agreement with Carrefour SA, allowing its products to return to Carrefour shelves in France after a three-month hiatus.
The resolution of the pricing dispute and the restocking of PepsiCo products in Carrefour stores in France is likely to have a positive short-term impact on PepsiCo's stock. This agreement not only resolves a public disagreement but also ensures the presence of PepsiCo products in a significant European market, potentially improving sales and brand visibility.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 80