Before we get to the big banks, a consumer staples favorite, PepsiCo (PEP), is on the reporting docket for next week (Tuesday, October 8th) before the market opens.
PepsiCo (PEP) reports earnings Tuesday morning, with analysts expecting modest growth in revenue and profits after the company warned consumers have become more value-conscious, holding back sales.
PepsiCo, Inc.'s Q3 earnings report is anticipated to show modest revenue growth but strong EPS performance, continuing its trend of beating EPS estimates. Quaker Foods' performance remains a concern due to product recalls and declining revenues, impacting overall company growth. The North America Beverage segment shows strong margin expansion despite revenue declines, driven by zero sugar variants and Gatorade.
Continued soft trends in North America, including headwinds in the QFNA segment, are expected to mar PEP's Q3 results. Its growth initiatives appear promising.
PEP agrees to acquire Siete Foods for $1.2 billion. This looks to expand the company's better-for-you offerings.
PepsiCo has acquired the Mexican-American food brand Siete Foods, hoping it can penetrate into the growing market of health conscious consumers.
On Tuesday, PepsiCo agreed to acquire grain-free Mexican-American brand Siete Foods for $1.2 billion, adding to its roster of healthier food and snack offerings, according to the Wall Street Journal.
PepsiCo has revealed plans to acquire Siete Foods, a Mexico-USA based food company, for $1.2 billion. This marks PepsiCo's first acquisition in the food industry in nearly five years.
PepsiCo's stock rose Tuesday, bucking the selloff in the broader stock market, after the beverage and snacks giant announced an agreement to buy Mexican-American foods maker Siete Foods for $1.2 billion a week before earnings are released.
PepsiCo (PEP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PepsiCo is buying Mexican-American food company Siete Foods for $1.2 billion. Siete's tortilla chips and other products are designed to meet dietary restrictions.
PepsiCo said on Tuesday it would acquire Garza Food Ventures for $1.2 billion.