PepsiCo issues a weak outlook for the year, indicating that “extraordinary levels of inflation” in commodities will be tough to pass along to consumers.
How can all these companies be talking about inflation? haven’t they heard Uncle Ben say that there is none?
PepsiCo Inc. issued a weak outlook for the upcoming year with a view that high commodity cost inflation will be tough to pass along to consumers.
Shares were down 1.5% premarket to $63.48, as the company said it expected per-share earnings growth of 7% to 8% from $4.13 last year, a view that some analysts said could be viewed as a failure of management that has pursued growth by expanding into emerging markets and making a big purchase …