( ) -q-20- UNDATED (Correspondent Jeremy House) “Wall Street’s expectations.” Pepsi’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices. [CutID: <Cuts> PEPSI-PROFITS-house-q-TUEam.mp3 Time: 20s Title: PEPSI-PROFITS-house-q-TUEam Out-cue: Wall Street’s expectations] TAG: Correspondent Jeremy House reporting. Net income for Pepsi, based in Purchase, New York, rose 14% […]
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PepsiCo hikes prices for 7th straight quarter and profits rise 14%
( ) -q-20- UNDATED (Correspondent Jeremy House) “Wall Street’s expectations.”
Pepsi’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices.
[CutID: <Cuts> PEPSI-PROFITS-house-q-TUEam.mp3
Time: 20s
Title: PEPSI-PROFITS-house-q-TUEam
Out-cue: Wall Street’s expectations]
TAG: Correspondent Jeremy House reporting. Net income for Pepsi, based in Purchase, New York, rose 14% to $3.1 billion, or $2.24 per share, which is better than expected.
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VERBATIM: Pepsi raised prices 11% in the July-to-September period. It was the seventh straight quarter that the company has implemented double-digit price hikes. Sales volumes fell 2.5%. The company reported that quarterly revenue was $23.4 billion. That was in line with Wall Street’s expectations.