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Business > Foreign Business
Pepsi price hikes fuel 10% jump in Q4 sales
By Associated Press
Feb 11, 2023 12:07 am

PEPSICO reported better-than-expected sales in the fourth quarter after hiking prices for its drinks and snacks, but it warned that consumers may be less willing to accept those increases as this year progresses.

Revenue rose more than 10 percent to $28 billion. That was better than the $26.8 billion Wall Street had forecast, according to analysts polled by FactSet.

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