PepsiCo Inc (PEP) Quote

Supermarket Giant Drops Pepsi and Lay’s Over Price Increases

Carrefour ditches PepsiCo products in France, Italy, Spain and Belgium

By Mauro Orru and Jennifer Maloney for the Wall Street Journal
Updated Jan. 4, 2024 2:55 pm ET

(MG Note: Clearly Pepsi overplayed its hand. Good for Carrefour!)

One of the world’s biggest supermarket chains said it would drop several PepsiCo products to protest what it called unacceptable price increases, a rare public standoff between a grocer and food maker after more than two years of rising prices.

Carrefour, which operates thousands of stores across more than 30 countries, said it would stop selling Pepsi, Doritos and other products in France, Italy, Spain and Belgium. A spokesman for the French company said Thursday that it had decided to add notes to store shelves to explain the changes to customers.

Notes seen by The Wall Street Journal say the company is no longer selling Lay’s, Doritos and Benenuts snacks, Alvalle gazpacho, Lipton teas, Pepsi and 7 Up soft drinks and Quaker food products. 7 Up is sold outside the U.S. by PepsiCo.

“We’ve been in discussion with Carrefour for many months and we will continue to engage in good faith in order to try to ensure that our products are available,” a PepsiCo spokeswoman said. She declined to comment further.

In October, PepsiCo finance chief Hugh Johnston told The Wall Street Journal that product price increases would slow in 2024 and would be roughly in line with the overall rate of inflation. The slowdown follows two years of sharp price increases by PepsiCo on its soft drinks, snacks and packaged foods.

The company, which is slated to report its latest quarterly results next month, has forecast earnings growth of 13% and revenue growth of 10% for 2023, excluding currency impacts.

Through the Covid-19 pandemic, a number of companies boasted about their ability to raise prices without significantly damaging sales as a sign of brand strength. Johnston has said that PepsiCo products appeal to a wide range of shoppers and that people tend to indulge in items such as chips and soda as affordable luxuries even during hard economic times.

Supermarket operators in the U.S. have also signaled concerns about rising prices in some aisles of stores, even as the overall rate of inflation has slowed. Walmart Chief Executive Doug McMillon said in November that “we may be managing through a period of deflation in the months to come, and while that would put more unit pressure on us, we welcome it, because it’s better for our customers.”

Europe represented about 14%—or roughly $9 billion—of PepsiCo’s global revenue in the first nine months of 2023. Bernstein analyst Callum Elliott estimates that Carrefour stores in France, Italy, Spain and Belgium represent 0.25% of PepsiCo’s global revenue.

In France, food-price inflation surged into double digits in 2022 and reached nearly 16% in March 2023. In December, food prices rose 7.1% over the past 12 months. The French government has also criticized major manufacturers and said it would push them to bring down prices.

Carrefour’s decision on PepsiCo products comes roughly four months after the retailer began attaching labels to products it claims are subject to so-called shrinkflation—when the quantity of a product diminishes in its packaging but the retail price is unchanged. Reuters and local media earlier reported on Carrefour’s decision.

Joshua Kirby contributed to this article.

PEP adding the dip.

Looks like a dip - EarnIngs must've SUCKED ?

Expecting a minimal HOD at 192. 195 is possible.

Scooped up calls yesterday on this and delta airlines.

Tomorrow is major financiers:

Citigroup, JPMorgan, State Street, and Blackrock.

We're in a bullmarket so I expect them all to beat expectations.

GLTA

PEP $200 break coming soon.

All these sick fatties on food stamps love this stuff. Go into any mini mart it's all over.

Good dividend too. We keep adding this every second week. Now it's 186. Won't ever be this low again. Take profits from penny stock garbage and put it into real stocks $PEP

Oh, not a bad investment......




So I seem to have done fairly decent-well there......
How have YOU all been doing ?


And/or actually now what I WISH I had done......
Was just purchase CALLS every couple of months



That would probably have at least 10-timesed the 19 million......


.

And took my holding off the table will watch for dips

ATH

Good day. Touching new highs in a bear market.

Great pep earnings

PEP should be higher now given the other exchanges that lost 55% of their value and PEP didn't in the last 2 years. I like real stocks too. Penny Plays are the most fun.

Close

A bit of a run...

Earnings coming

Weaknesses got a new name

Must pay no dividend.....

185 on the way.....

Packaged / comfort food should do well as times get tough … team that up with money mangers have to invest the money they get monthly and can see why pep / consumer defense still strong … will it go down if market does yes but it will be the last to fall

I thank you boys for eating Doritos and making bank for PEP

Sell at .04 … lol

Buy PEP, then go get drunk and chase strippers. Don’t worry about it.

https://nypost.com/2022/12/21/red-40-food-dye-in-skittles-doritos-and-more-trigger-ibd/

What the hell are you talking about ? Do you understand share structure and valuations ?

then sell that swine...after a apple in snout----gets baked

? Pep has lower market cap and pe then KO

PEPSI is a high priced stock 3x higher than coke

MY DAD bought Coca-cola in 1975.........same thing----sold too soon

$182 PEP it's a winner.

With recent M&A activity in the energy drink space. Will Pepsi look to acquire Canadian listed GURU? They have a distribution agreement in Canada, and the stock has been under tremendous pressure. Is this a possible tuck-in acquisition or is this not a focus at all?

SNAPdna Will New The New Company Under Pepsi's Belt. Coming Soon.

PEP nearing record highs in a bear market. Yeah I know nobody wants to talk about it, but this is where most of my penny stock profit is going. Dividend goes into penny stock scams and profit comes back into this. Easy win.

$174.80 PEP huge winner. Watch it double in less than a year.

PEP buying more of this good stuff. $165

What would you pick for a winner?

Just look at QQQ holdings:

YTD:
1. -21%
2. -22%
3. -34%
4. -35%
5. -24%
6. -24%
7. -52% (META) Oouf that junk stock wouldn't touch that one.
8. -50%
9. -28%
10. -2.5% (PEP) ---> YEP PEP is the winner for this bear market.

PEP will make a huge gain once November comes and the tides change.

PEP at $162, this looks to be the best pick right now on the exchanges.

PEP this one looks great.

100% Profit on Pepsi Put Contracts

YouTube Link:

Slap me upside my head and say "Why don't you own this stock?!"

me too in 1984 with Coca-Cola

What is the rumor about NBA Great "SHAQ" & PEPSI BUYING OUT STOCK SYMBOL (WTER)ALK88 BRANDS .

PepsiCo to Sell Juice Brands to PAI for $3.3 Billion

https://finance.yahoo.com/news/pepsico-sell-juice-brands-pai-121213626.html

Pepsico inc. $PEP

Total Debt (mrq) $42.3B
Book Value Per Share (mrq) $11.07

I bought PEP back in 1989 and I wish I held on to it.

I work for Pepsi. And you're right. Only up from here. All year long

Fabulous blowout earnings report for PEP, and it will only be up from here.

Here's you're opportunity Pepsico.

I am wondering when the leadership in GA. Governor and the State Legislature and perhaps Pepsico Company will initiate across GA. all Baseball Players in High School to attend three days at Atlanta Stadium during the All Star Break and show off all of its local talent across GA. to showcase that one can still play baseball without making millions of dollars at it. It is after all a kids game. They can have this broadcast across their local TV networks those that are not woke yet and show their citizens and the world how great their great High School kids play baseball. Open to all and have the stadium jam packed with its citizens watching the kids play this great sport and avoid watching that ugly All Star game played by millionaires. Hey what do I know I am just an ideas person. Go Pepsi you can make this happen and make all those others think better of their wayward decisions maybe you would even back this effort for the kids, they are deserved as they buy you're products. Perhaps not if you are too woke for the kids. Might be able to gain back some of market share back in the process, just saying.

Pepsi with a very solid 4th quarter.

There we go PEP !!

Great area to load pep for earnings

Grabbing some pep here

Pepsi is bumping up against it's 52 week highs, and continues to build strength as the year comes to a close.

They're well diversified, offering more than just beverages.