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PepsiCo Taps Walmart Executive as New CFO
Yahoo Finance· 2025-10-09 21:08
Core Insights - PepsiCo reported higher revenue in its fiscal third quarter, but profit declined as volumes fell [1][4] - The company is undergoing a leadership change with the appointment of Steve Schmitt as CFO to address slowing sales and pressure from an activist investor [2][3] Financial Performance - Revenue for the three months ended September 6 was nearly $24 billion, reflecting a 2.7% increase year-over-year, driven by international business resilience and improved North American beverage performance [4] - Organic sales rose by 1.3% during the same period [4] - Profit decreased and volumes fell, with North America, which constitutes about 60% of PepsiCo's business, experiencing a 4% decline in food volumes and a 3% decline in beverage volumes [5] Strategic Focus - The new CFO, Schmitt, will focus on enhancing growth, reorganizing the cost structure, and maximizing brand investment [6] - The company has been reshaping its portfolio by cutting underperforming products and launching new ones aligned with health and wellness trends [6] - Schmitt's experience at Walmart is expected to aid in growing PepsiCo's digital business, which is a priority for the company [7] Market Context - PepsiCo's share price has declined over 15% from a year ago, influenced by its recent performance [8] - Activist investor Elliott Investment Management has acquired a roughly $4 billion stake in PepsiCo and is advocating for refranchising its bottling business and other changes to enhance the company's share price [8]
PepsiCo CEO talks earnings and Frito Lay snack reset, also Digital
Youtube· 2025-10-09 20:58
Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. Wall Street back in the red so far today.Investors are focused on Washington with new remarks from Federal Reserve officials. Plus, the shutdown in DC persists. We're going to have much more on those stories.But right now, just an hour to go until the closing balance stocks are lower. We look at the Dow down about 300 points here. The S&P 500 down about 4/10en of a percent. NASDAQ down about 3/10en of a percent.Let's wel ...
Stocks Likely to Rally Into Year-End, Says Nuveen's Malik
Youtube· 2025-10-09 20:10
POPPI. DANI: IT DOESN'T HAVE SUGAR. LORD KNOWS WHAT ELSE IS IN IT.MATT: EXPECTATIONS, NUVEEN'S SAIRA MALIK SAYS COMPANIES ARE LIKELY TO BEAT E. P. S.IN THE PRESENCE AGGREGATE DRIVEN BY TECH. I THINK WE'RE LOOKING FOR, SAIRA, ABOUT 7%, 8% IN THE THIRD QUARTER. WE'VE HAD DOUBLE-DIGIT EARNINGS GROWTH IN THE PREVIOUS COUPLE OF QUARTERS.DO YOU THINK WE'RE GOING TO GET THAT HIGH. I THINK THAT WE LIKELY WILL END THIS QUARTER WITH BEATING OUR SEASONS AGAIN. WHAT IS INTERESTING IS NORMALLY WHEN YOU GO INTO AN EARNIN ...
Stock market today: Dow slides, S&P 500, Nasdaq retreat from records as rally takes another breather
Yahoo Finance· 2025-10-09 20:01
US stocks retreated Thursday as investors paused to assess the optimism around AI and interest-rate cuts that has buoyed markets amid the government shutdown. The S&P 500 (^GSPC) lost around 0.3% after another record close for the broad benchmark on Wednesday, as Wall Street returned to rally mode. The tech-heavy Nasdaq Composite (^IXIC) traded about 0.1% lower, faring better thanks to a run higher from Nvidia (NVDA), which closed at its latest record. The Dow Jones Industrial Average (^DJI) fell 0.6%. M ...
U.S. Markets Pause for Breath as Earnings Season Kicks Off Amid AI Enthusiasm and Government Shutdown
Stock Market News· 2025-10-09 18:07
U.S. equity markets are taking a breather this Thursday afternoon, October 9, 2025, as investors pause to digest a week of record-breaking gains and brace for the onset of the third-quarter earnings season. While the preceding days saw major indices reach unprecedented highs, today's trading has been marked by a slight pullback across the board, signaling a period of consolidation amidst persistent optimism around artificial intelligence (AI) and ongoing macroeconomic uncertainties, notably the U.S. governm ...
Stock Market Today: Stocks Dip Despite Strong PepsiCo, Delta Earnings
Yahoo Finance· 2025-10-09 17:40
This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet's Stock Market Today for Oct. 9, 2025. You can follow the latest updates on the market here in our daily live blog. Update 1:17 p.m. ET Midday Movers Past midday, the U.S. markets are still sinking. All four indexes are now sitting at session lows, with the Russell 2000 (-0.71%), Dow (-0.58%), Nasdaq (-0.52%), and ...
Dow Drops 265 Points as Market Starts to Slide
Barrons· 2025-10-09 17:32
The Dow was down 265 points, or 0.6%, after opening higher. The S&P 500 was down 0.5%. The Nasdaq Composite was down 0.5%. Very little was working on Wall Street. Treasury bond prices were also falling, while only 114 stocks in the S&P 500 were trading higher. The top S&P winners included firms that reported quarterly results, such as Pepsi and Delta Air Lines. The stock market stumbled at the open. Now it's starting to slide. ...
Stock market lulls as Tesla slides and Delta soars
Fastcompany· 2025-10-09 17:30
Market Overview - U.S. stocks are experiencing a pullback after reaching record highs, with the S&P 500 down 0.2% and the Dow Jones Industrial Average down 145 points or 0.3% [1][2] - Gold prices have also declined following a strong rally this year, while Treasury yields remain steady [2] Stock Performance - The S&P 500 has surged approximately 35% since April, raising concerns about overvaluation, particularly in AI-related stocks [3] - Tesla's stock fell 2% due to a preliminary evaluation of its "Full Self-Driving" system by the National Highway Traffic Safety Administration [4] - Delta Air Lines saw a 4.9% increase in stock price after reporting stronger-than-expected summer profits and a positive full-year profit forecast [4][5] - PepsiCo's stock rose 2.1% after exceeding profit expectations, indicating improved momentum in its North American drinks business [7] - Akero Therapeutics jumped 16.7% following an acquisition announcement by Novo Nordisk, potentially valued at $5.2 billion [8] - MP Materials increased by 7.1% after China announced export curbs on rare earth materials [8] - Costco Wholesale's stock climbed 2.4% after reporting an 8% revenue increase in September compared to the previous year [9] Economic Indicators - Company reports are gaining significance as the U.S. government shutdown delays key economic data, including unemployment claims [6] - The yield on the 10-year Treasury remains at 4.13%, indicating stability in the bond market [11] International Markets - European stock indexes showed mixed results, with Italy's Ferrari dropping 14.1% after disappointing financial forecasts [9] - Japan's Nikkei 225 rose 1.8%, with SoftBank Group surging 11.4% following a $5.4 billion acquisition deal [10]
Midday Momentum: Tech and Airlines Drive Markets Amidst Earnings and Geopolitical Shifts
Stock Market News· 2025-10-09 16:08
U.S. stock markets are navigating a mixed but generally resilient midday trading session on Thursday, October 9, 2025, with major indexes hovering near all-time highs established in the previous session. While early trading saw futures largely unchanged, a "buy the dip" sentiment appears to be underpinning market momentum, particularly in the technology and airline sectors. Investors are closely monitoring a flurry of corporate earnings reports, ongoing geopolitical developments, and the lingering impact of ...
How PepsiCo is riding the Ozempic wave with protein drinks
Fastcompany· 2025-10-09 15:01
Americans have developed a near-insatiable craving for protein. That's led large food manufacturers like PepsiCo to come up with new formulas that prominently feature the popular macronutrient. ...