Title: StockWatch: Cola Rivals Drop Despite Positive Revenue!
Post by: PocketOption on Feb 12, 2022, 04:20 am
Post by: PocketOption on Feb 12, 2022, 04:20 am
StockWatch: Cola Rivals Drop Despite Positive Revenue!
Source: StockWatch: Cola Rivals Drop Despite Positive Revenue! (https://www.orbex.com/blog/en/2022/02/stockwatch-cola-rivals-drop-despite-positive-revenue)
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
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Source: StockWatch: Cola Rivals Drop Despite Positive Revenue! (https://www.orbex.com/blog/en/2022/02/stockwatch-cola-rivals-drop-despite-positive-revenue)