Earnings

PepsiCo (PEP) Q4 2021 earnings beat

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PepsiCo on Thursday beat quarterly revenue expectations by more than $1 billion, but warned that it is costing more to make its snacks and sodas and get them to store shelves.

But its full-year outlook fell short of what analysts predicted, and shares closed Thursday down 2.1% at $168.37.

Pepsi is feeling the impacts of inflation across its businesses. With Frito-Lay North America, the maker of Lay’s potato chips and Cheetos, it has had to pay more for cooking oil and packaging. With PepsiCo Beverages North America, it said transportation and commodities have become pricier.

Some of those higher costs are getting passed on to customers. The company already hiked prices on some products.

Its…



Source cnbc.com

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