Reported about 4 hours ago
PepsiCo's third quarter earnings were a mix of missed revenue estimates and better-than-expected adjusted earnings per share. Bank of America Securities analyst Bryan Spillane suggested that while shrinkflation has been a successful tactic for many consumer goods companies, PepsiCo may have overstepped, indicating potential adjustments ahead. He noted that consumer scrutiny in purchasing decisions is impacting the company, reflecting changing buying behaviors.
Source: YAHOO