The US food group Pepsico expects less profit in the current year due to the global customs conflict than before.
Pepsico said that the profit, which was adjusted for special effects per share (Core EPS), should remain roughly at the previous year’s level in the case of excluded currency effects. Pepsico originally targeted an increase in the medium single -digit percentage range. In contrast, sales should continue to increase organically in the low single -digit percentage range.
The tariffs are likely to make the supply chains more expensive, complained Pepsico boss Ramon Laguara according to the message. Pepsico attempts to counter the higher costs. However, volatility and uncertainty are likely to increase. At the same time, the consumer mood remains in many regions – here too the prospects are uncertain.
In the twelve weeks until March 22, Pepsico missed the expectations of analysts. The turnover decreased by 1.8 percent to $ 17.92 billion (15.74 billion euros) compared to the same period last year. The surplus attributable to the shareholder fell by around ten percent to $ 1.83 billion.
Pepsi soon again on Edeka shelves
Consumers can soon buy products from the soft drink and snack manufacturer Pepsico from Edeka and Netto. “After long discussions we were able to achieve a very successful agreement with Pepsi (…),” said a spokesman for the Edeka network on request. He thus confirmed a corresponding report by the “Food Newspaper”. “Pepsi had the unconditional wish to make an agreement with us in order to be able to resume business in Germany (…).”
The first articles will probably be available in the markets from mid -June. However, the complete supply of Pepsi products will take some time. Pepsi must first start up the production in order to be able to deliver the required quantities.
Details of the agreement did not become known. Pepsico also did not provide any specific information. On request, a spokeswoman said: “Out of respect for our trading partners, we generally express ourselves for ongoing negotiations”.
Products not available from Edeka for a long time
Pepsico has drinks such as Pepsi, Schwip Schwap and the Energy Drink Rockstar as well as salty snacks such as chips from Lay’s brands and Doritos. The products of the US company and Coca-Cola competitor have not been available from Edeka and Netto for more than two years.
As a result of the Corona pandemic and the Ukraine War, the association, based in Hamburg, had argued with brand manufacturers for prices and sometimes imposed on-stops themselves. In addition to the Pepsi products, Procter & Gamble and Mars products were not on the shelves. At the time, CEO Markus Mosa accused international branded articans “greed” and “excessive profit treatment”.
13 million customers daily
The sales of the cooperative organization rose to an all -time high last year. It generated sales of 75.3 billion euros – 6.5 percent more than in the previous financial year. The network does not provide any information about the profit. The number of food markets was just under 10,900, including around 4,400 net branches. A total of around 413,000 people were employed there in 2024. They took care of around 13 million customers a day.
In Nasdaq trade, the Pepsico share lost 4.89 percent to $ 135.31.
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