PepsiCo Inc.
Price increases brought some fizz back to PepsiCo and
Coca-Cola Co.
The soda giants both reported higher sales in the recent quarter as they charged more for their products, which for PepsiCo includes Lay’s potato chips and other packaged foods as well as its beverage offerings. But inflationary pressures weighed on profits as costs rose for trucking, agricultural commodities and packaging. Pepsico shares fell 2.1% Thursday, while Coke shares ended 3.7% lower.
Tyson Foods Inc.
Higher price tags aren’t cutting into shoppers’ appetite for meat. Tyson said Monday consumer demand for its beef, chicken and pork…
