Price Hikes Coming from Pepsi
April 28/Purchase, N.Y./Wall Street Journal -- PepsiCo Inc. said it plans more price increases on its products this summer, but not enough to offset rising commodity costs amid a still-fragile consumer recovery.
The renewed price push comes after PepsiCo reported North American sales volume of its snacks and beverages rose 2% in the first quarter from a year earlier, despite a continued downturn at its smaller Quaker foods unit.
"We're trying to thread the needle and see how much pricing we can take,'' Indra Nooyi, chairman and chief executive, told analysts in a conference call Thursday.
From the April 29, 2011,Prepared Foods' Daily News.