Market News / Story
PepsiCo Is Running Out of Time
GuruFocus ·
GuruFocus reports: PepsiCo Inc. (PEP, Financials) faces earnings release with investors still searching for proof its recovery in North America is gaining traction. The corporation has reduced pricing by up to 15% on brands such as Lay's and Doritos, boosted marketing and widened distribution. So far such efforts haven't achieved the improvement investors sought. Core operating margin was 16.3% in the first half down 15 basis points year on year. That is at odds with PepsiCo's target,…