Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
AJ Bell is an easy to use, award-winning platform Open an account
We've accounts to suit every investing need, and free guides and special offers to help you get the most from them.
You can get a few handy suggestions, or even get our experts to do the hard work for you – by picking one of our simple investment ideas.
All the resources you need to choose your shares, from market data to the latest investment news and analysis.
Funds offer an easier way to build your portfolio – we’ve got everything you need to choose the right one.
Starting to save for a pension, approaching retirement, or after an explainer on pension jargon? We can help.
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Despite PepsiCo (PEP:NASDAQ) having twice beaten earnings forecasts this year, by an average of 8%, and twice raised its outlook, the shares have fallen close to their lowest level since January on concerns over pricing and its continued presence in Russia.
Although the firm raised its sales guidance in July and held out the prospect of further price hikes not affecting demand for its drinks and snacks, it is meeting growing resistance from governments and retailers.
In France, finance minister Bruno Le Maire has singled out PepsiCo, Nestle (NESN:SWX) and Unilever (ULVR) for not ‘cooperating’ in limiting price rises, and hypermarket giant Carrefour (CA:EPA) has stuck price warnings on each firm’s products in an attempt to ‘tell manufacturers to rethink their policy’.
Meanwhile, the Finnish government has withdrawn Pepsi from sale in its parliamentary restaurants due to the company’s continuing sales in Russia, where it quadrupled profits last year, generating negative publicity.
On 10 October the Harrison, New-York based firm is expected to post third-quarter earnings per share of $2.18 against $1.97 the previous year, on sales of $23.4 billion against $22 billion, when it reports on 10 October.
For the full year, the consensus expects earnings per share of $7.48, an increase of 10.2%, and sales of $92.2 billion, an increase of 6.7%.
US UPDATES OVER THE NEXT 7 DAYS
QUARTERLY RESULTS
6 October: Tilray
10 October: PepsiCo, AZZ
11 October: BlackRock, Applied Digital
12 October: Delta Air Lines, Walgreens Boots, Domino’s Pizza, Commercial Metals, Alcoa, Washington Federal, Smart Global
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.