PepsiCo's Very High Price Increases Continue in the Third Quarter of 2023

PepsiCo just announced its Third Quarter 2023 Worldwide Pretax Income, which increased by 22% from the third quarter 2022.

The problem with this is that it's all due to its Worldwide Price Increases of an amazing 11% in the third quarter 2023.

In North America Frito-Lay, its Price Increases were 8% and in North America PepsiCo Beverages, its Price Increases were 12%, both in the third quarter 2023.

Corporate CEOs and Business Owners determine their Companies' Pricing Increases and thus also determine overall US and Worldwide Inflation.

There was a substantial transfer of financial wealth in the third quarter 2023, just like there was in each of the previous 10 quarters, from US and Worldwide consumers to PepsiCo's bottom-line earnings.