- July 14, 2021
- Posted by: Stratford Team
- Category: Business
Blue Line Capital president Bill Baruch on tapering, inflation and crypto.
Pepsico Inc. on Tuesday became the latest U.S. company to warn that it will need to raise prices in order to combat higher inflation.
The Purchase, New York-based soft drink maker said elevated raw ingredient, labor and freight costs have already begun to eat into its margins and will become more of a problem later this year.
Ticker Security Last Change Change %PEP PEPSICO, INC. 152.96 +3.45 +2.31%
We are experiencing “ongoing inflation pressure,” said PepsiCo CFO Hugh Johnson on the company’s second-quarter conference call.
“We insulate ourselves to some degree based on our forward buying program, and that has actually helped us clearly this year,” he added. “There’ll be a bit more pressure in the back half.”
In order to protect its balance sheet from those pricing pressures, PepsiCo has two options, according to CEO Ramon Laguarta.
CONSUMER PRICES SURGE BY MOST…