StockWatch: Cola Rivals Drop Despite Positive Revenue!

[PocketOption]

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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