However, Johnston said he does not expect a shortage of PepsiCo products in supermarkets, saying the company should be in better shape by the end of the fourth quarter. The company said it was expecting fiscal 2021 organic revenue to rise about 8%, compared with its prior forecast of a 6% increase. https://bit.ly/3lbvOTjPepsiCo’s third-quarter organic revenue rose 9%, 5-percentage points of which came from selling higher-priced products. Net revenue rose 11.6% to $20.19 billion in the quarter ended Sept. 4, above analysts’ estimates of $19.39 billion, according to IBES data from Refinitiv. PepsiCo shares rose marginally in premarket trading.

Source: MetroXpress October 05, 2021 09:56 UTC