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Sunday, May 26, 2024

PepsiCo hikes prices for 7th straight quarter and profits rise 14%

PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices. Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the Purchase, New York, company has implemented double-digit price hikes. Sales volumes fell 2.5%. Net …

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