The beverage giant is seeing normalizing costs for sugar, aluminum cans, and more.
The beverage and snack food company just reaffirmed its 2024 outlook.
Norway's sovereign wealth fund plans to back a shareholder proposal demanding PepsiCo conduct a biodiversity risk assessment to gauge how vulnerable the soft drink and snacks giant's operations are to biodiversity loss. The decision by PepsiCo's seventh-largest shareholder adds to signs that biodiversity-related risks to businesses are rising up the agenda for investors. It also challenges the PepsiCo board's recommendation to shareholders that they reject the proposal at the annual general meeting on Wednesday.