Target has picked longtime PepsiCo executive Jim Lee as its new chief financial officer (CFO). Lee, who spent more than 25 years with the food and beverage giant, will join Target’s leadership team Sept. 22, the retailer announced Thursday (Sept. 19). “As a successful leader in finance and strategy, Jim will oversee...
PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday (July 11) showing revenue growth of 1.9%, down from 13% the same quarter last year. In commentary released before the...
PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale. The soda and snack food giant on Tuesday (April 23) released earnings showing 2.3% net revenue growth, while forecasting an additional 4% for the coming year. “I would say the consumer globally,...
As rising food prices alienate grocery customers, merchants are beginning to throw their weight around with major food brands, if the Carrefour-PepsiCo standoff is any indication, though the truth may be murkier. Last week, Reuters reported that the French grocery giant informed shoppers that it...
July 21, 2020
Carbonated soft drinks, as a category, is getting accustomed to change. Consumers were already buying less sugary soda when COVID-19 hit, and second-quarter earnings reports from Coca-Cola and PepsiCo show the two iconic brands must make big modifications to what was seen as an impervious business. Coca-Cola CEO James Quincey set the tone even before his […]
February 16, 2018
PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. According to PepsiCo CEO...
September 19, 2024
Target has picked longtime PepsiCo executive Jim Lee as its new chief financial officer (CFO). Lee, who spent more than 25 years with the food and beverage giant, will join Target’s leadership team Sept. 22, the retailer announced Thursday (Sept. 19). “As a successful leader in finance and strategy, Jim will oversee the central role our finance team plays in fueling our […]
July 11, 2024
PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday (July 11) showing revenue growth...
April 23, 2024
PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale. The soda and snack food giant on Tuesday (April 23) released earnings showing 2.3% net revenue growth,...
September 18, 2023
Instacart has announced that it will be pricing its initial public offering (IPO) at $30 per share, which is at the high end of expectations. At this price, Instacart would have...
