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via finance.yahoo.comMarkets

PepsiCo Lowers Guidance; Levi Strauss Sales Growth Disappoints

FROM THE WIRE · FINANCE.YAHOO.COM

On this episode of Stock Movers:- PepsiCo (PEP) shares are lower after the company decreased its profit outlook, with its recovery in North America taking longer than expected. PepsiCo faces higher costs in North America that are weighing on margins, and will be raising some…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishPepsiCo cuts profit guidance due to higher costs and slower North America recovery; Levi Strauss posts slowest direct-to-consumer growth since late 2022.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01PepsiCo decreased profit outlook due to higher costs in North America and slower-than-expected recovery.
  2. 02The company will raise prices in coming months after cutting prices on marquee brands earlier this year.
  3. 03Levi Strauss posted slowest direct-to-consumer growth since late 2022, partly due to a marketing misstep.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
PepsiCo, Inc.PEPStock125.28 USD+0.43%today +1.25%Negative Levi Strauss & Co.LEVIStock18.89 USD+0.64%today -3.15%Negative Microsoft CorporationMSFTStock531.43 USD+0.20%today +0.31%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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