Corporate earnings season is ramping up next week with quarterly reports from bellwethers, including Procter & Gamble, Johnson & Johnson and IBM
The snacks and drinks giantthis past week indicated that demand is holding up well for its brands, which include Doritos chips and its namesake sodas, even as prices are up 17% on average from last year. The company has raised prices in recent weeks again and is monitoring how consumers respond.
“Our brands are being stretched to higher price points, and consumers are following us,” PepsiCo. CEO Ramon Laguarta said last week.
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