In June, U.S. grocery unit sales fell 1.8% year-over-year as consumers cut back on purchases despite food prices rising about 33% since 2019. This decline marks a shift from previous growth driven by inflation, as shoppers increasingly seek cheaper brands, use coupons, and respond to promotions. Companies like PepsiCo, Walmart, and Kroger are adjusting by emphasizing price cuts and value deals to attract budget-conscious buyers. This trend highlights a broader consumer sensitivity to costs amid rising living expenses and reduced government benefits, signaling a move from dollar growth to volume growth in the grocery sector.
Coca-Cola reported a 6.74% revenue increase to $13.38 billion in Q2 2026, driven by a 16% rise in Coca-Cola Zero Sugar volume and strong global unit growth. The company raised its full-year guidance twice, boosted by successful marketing like the FIF...
Five established companies—Johnson & Johnson, PepsiCo, Coca-Cola, Exxon Mobil, and Kimberly-Clark—have declared new dividends backed by decades of consistent payout increases. Each company recently reported strong earnings or raised guidance, signali...
Gatik, an autonomous vehicle startup specializing in self-driving box trucks for short-haul deliveries, has raised $200 million in a funding round led by Qatar Investment Authority and Koch Disruptive Technologies. This funding follows a multi-year c...
Coca-Cola reported strong Q2 2026 results with 5% global volume growth and raised its full-year guidance, driven by successful marketing around the FIFA World Cup and a high operating margin of 34.9%. PepsiCo posted mixed results, with beverage volum...
PepsiCo announced it will publish its third-quarter 2026 financial results on October 8, including a Form 10-Q, press release, and management remarks. The company will also host a live Q&A session with CEO Ramon Laguarta and CFO Steve Schmitt for ana...
