Former Zillow Execs Target $1.3T Market

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

PepsiCo lowers revenue forecast as sales growth weakens

DEE-ANN DURBIN
October 08, 2024

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on buying its snacks and drinks.

The company, based in Purchase, New York, said Tuesday it now expects its organic revenue -- which is adjusted for foreign currency exchanges and the impact of product acquisitions or divestments - to increase in the low single-digit range for the year. It had expected an increase of 4%.

PepsiCo said its performance in North America was "subdued," hurt by a big recall of its Quaker Oats granola bars and cereals as well as weak demand for its Frito-Lay snacks and drinks. Frito-Lay North America's sales volumes slipped 1.5%, while North American beverage volumes fell 3%.

Consumers began to push back on higher prices this summer after years of increases, and PepsiCo vowed to lower the cost of some products like potato chips and tortilla chips. Frito-Lay prices edged up by just 0.5% in the third quarter, the company said.

Globally, PepsiCo said it raised prices 3%. Sales volumes were down in every market except Europe.

Third quarter revenue was flat at $23.3 billion. Wall Street had expected revenue of $23.8 billion, according to analysts polled by FactSet. PepsiCo's quarterly revenue growth -- which had frequently grown by double-digits in recent years -- has slowed sharply in the last few quarters.

Net income fell 5% to $2.9 billion, or $2.13 per share. Adjusted for one-time items, PepsiCo earned $2.31 per share, which was higher than the $2.29 per share analysts were expecting.

PepsiCo shares fell 1% in premarket trading.

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Man whose parents were kidnapped after $245M Bitcoin theft has pleaded guilty to federal charges

A Connecticut man whose parents were kidnapped after he took part in a $245 million Bitcoin theft has pleaded guilty to fraud and money laundering conspiracy charges and has agreed to testify against his co-defendants, according to court documents that were unsealed this week.

OAN's Pentagon reporter learns the limits of expressing her own opinion

Assigned to cover the Pentagon for the conservative outlet One America News Network, Gabrielle Cuccia didn't pretend to be an unbiased reporter. She describes herself as “a MAGA girl” who is unapologetically defiant in her support of President Donald Trump.

The Stock Ticker Notable Investors Are Holding - Ad

They may not be trading on public markets, but Pacaso just reserved the ticker PCSO. Co-founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to a $1.3T market. They've earned $110M+ in gross profits already. Well-known firms like Maveron even invested.

Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: 'An Unintended Consequence'

Peter Schiff said Monday that his teachings on economics inadvertently led many to invest in Bitcoin (CRYPTO: BTC), despite his advice against it.

Top US universities raced to become global campuses. Under Trump, it's becoming a liability

WASHINGTON (AP) — Three decades ago, foreign students at Harvard University accounted for just 11% of the total student body. Today, they account for 26%.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

The iconic Goodyear Blimp is 100. To celebrate, a flight over Ohio

The iconic Goodyear airships are taking a victory lap over the skies of an Ohio city this week.

AMC Eyes Ad Revenue Lift With Premium Pre-Movie Ads

AMC reaches agreement with National CineMedia to run more advertising in theaters. AMC to receive a cut of ad sales. Stock up 0.29% at $3.41.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Musk vs. Trump: Tesla Slashes Cybertruck Prices After Feud Heats Up, Here's How Much You Need To Pay for It Now

In the wake of the public disagreement between Elon Musk and President Trump, Tesla has declared significant price reductions for its Cybertruck model.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Britain is getting a defense boost aimed at sending a message to Moscow, and to Trump

LONDON (AP) — The United Kingdom will build new nuclear-powered attack submarines and create an army ready to fight a war in Europe as part of designed to send a message to Moscow — and Washington.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Bitcoin's Current Cycle Sees A 656% Surge, Matching Market Maturation Pace

Bitcoin (CRYPTO: BTC), the leading cryptocurrency globally, has recorded a 656% surge in its ongoing cycle.

Steve Jobs Would 'Have Fired Everyone': Apple's Liquid Glass In iOS 26 Gets Roasted Online — Dan Ives Calls WWDC 2025 A 'Yawner'

Apple's new "Liquid Glass" design in iOS 26 is facing backlash for prioritizing aesthetics over usability, with critics — including investor Ross Gerber — suggesting Steve Jobs would have never approved the change.

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

Japanese court rejects damage claims against utility executives over Fukushima disaster

TOKYO (AP) — A Japanese court ruled former executives at the utility managing the tsunami-wrecked nuclear power plant were not accountable for the 2011 meltdown crisis and do not need to pay damages to the company.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

What's Going On With Rubrik Stock Friday?

Rubrik repotted better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.

Europe's central bank expected to lower interest rates as Trump's trade war threatens growth

FRANKFURT, Germany (AP) — Lower inflation and concern that will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday's policy meeting, a step that would lower borrowing costs for consumers and businesses and promote economic activity.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Finland accuses senior crew of Russia-linked vessel in damage of undersea power cable in Baltic Sea

HELSINKI (AP) — Finnish authorities have accused senior officers of a last year between Finland and Estonia of criminal offenses related to the wreckage.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Stablecoin bigwig Circle set to make its debut on the New York Stock Exchange

Crypto enthusiasts will be watching the stock market Thursday as the U.S.-based issuer of one of most popular cryptocurrencies makes its debut on the New York Stock Exchange.

US Aluminum Tariffs Risk Supply Chain And Food Security, Industry Insiders Warn

Canadian Aluminum Assoc. condemns 50% US tariff on Canadian aluminum, citing negative economic impact on North America & potential trade shifts.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Disney laying off several hundred employees worldwide

The Walt Disney Co. is laying off several hundred employees worldwide as the entertainment giant looks to trim some costs and adapt to evolving industry conditions.

Musician Made $3 Million From NFTs — Then Faced a Brutal Tax Hit and Crypto Crash

Jonathan Mann, a non-fungible token (NFT) artist, has spun his taxing experience with cryptocurrency into a song.

The Stock Ticker Notable Investors Are Holding - Ad

They may not be trading on public markets, but Pacaso just reserved the ticker PCSO. Co-founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to a $1.3T market. They've earned $110M+ in gross profits already. Well-known firms like Maveron even invested.

Autoliv Boosts Shareholder Returns With 21% Dividend Hike, New $2.5 Billion Buyback Program

Autoliv, Inc. (NYSE: ALV) announces dividend boost and buyback program at CMD, reiterates growth outlook and Q1 earnings beat expectations.

US and Europe trade negotiators discuss tariffs in Paris

PARIS (AP) — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

ETFs This Week: Tesla Turmoil, Silver Surge, And A Jobs-Driven Market Rally Drove These 5 ETFs To Outperform

Stocks surged as U.S. jobs report boosted major indexes to multi-month highs. Silver, critical materials, gold, and Bitcoin miners ETFs performed well.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service