FT: $PEP Soda & Snack Prices To Rise More?

Financial Times headline: PepsiCo warns of more price rises as consumers stomach gains

Sub-headline: Snack and beverage group says 12% hike on its products was lower than rate of inflation it had experienced


PepsiCo predicted inflation would stay elevated for the rest of the year, and said it remained open to raising prices further after seeing limited pushback from consumers so far.

The New York-based drinks and snacks group experienced a rate of inflation during its second quarter that was “well in the teens”, chief financial officer Hugh Johnston told the Financial Times.

“We certainly do expect that to persist,” Johnston said, and that “further” actions to raise product prices or cut costs may be needed.