PepsiCo warns Iran conflict could push prices higher amid inflation fight
PepsiCo warned that the Iran war could raise input costs and, by extension, consumer prices, even as it previously cut snack prices to combat inflation. The company expects to offset higher costs through its supply infrastructure, productivity gains, and adjustments to its price-pack architecture, with six to 12 months of hedging offering some protection. In the latest quarter, revenue rose 8.5% to $19.4 billion and net income climbed 27% to $2.3 billion, helped by rebounding North American snack volumes and resilient international markets.
