PepsiCo and Coca-Cola beat quarterly revenue expectations yesterday. However, they were both quick to warn about yearly forecasts.
Pressure on profits from a relentless rise in costs and price increases halted the stock advance.
Costs from aluminum cans to labor and shipping have surged in the last year due to pandemic-induced global supply-chain disruptions.
Timestamps
- PEP 02:00
- KO 03:35