Posted on 10/06/2021 2:20:40 PM PDT by devane617
PepsiCo is set to raise its prices to offset the costs of supply chain issues, which include shortages of plastic bottles for Gatorade sports drinks.
The food and beverage giant has dealt with higher transportation and commodity costs amid the pandemic and says it will likely integrate a price hike in the fiscal first quarter of 2022. Sales, however, remain strong.
PepsiCo raised its full-year forecast for 2021 on Tuesday following an impressive third-quarter earnings report. Revenue jumped 11.6% year-over-year to $20.19 billion, surpassing Wall Street estimates of $19.39 billion.
It now expects total revenue this year to increase by 8%, up from a previous estimate of 6%.
Gatorade holds a 67.7% market share of the U.S. sports drink market, per Euromonitor. The NBA renewed its official soft drink and chip partnership with PepsiCo earlier this year. In its last major acquisition, the company acquired Rockstar Energy in March 2020 for $3.85 billion. NBA superstar LeBron James finalized a multiyear endorsement deal with PepsiCo in March, leaving Coca-Cola after 17 years in a move first reported by Front Office Sports. Terms of the deal were not disclosed.
Despite supply chain setbacks, PepsiCo CFO Hugh Johnston told Reuters a shortage of products like Gatorade at supermarkets is not expected.
it’s got electrolytes..
Many many recipes are posted online for homemade gatorade.
Sooooo......Pepsi is limited but fentanyl is plentiful. Thanks joe
And will the scum bag politicians who sold everything to china finally see some of the consequences of those horrible decisions now that china has control of everything?
I doubt it.
In other words, salt.
Maybe they can go back to refundable glass bottles. Finding and redeeming those is how I financed my Topps baseball card collection in my youth. Without that, I would not have been able to afford having about 2,000 Marv Throneberrys.
of what, water?
Climate change?
I’ve noticed.
all those invaders are obviously thirsty after that long walk...
Propel powder is vastly cheaper and you can use your own glass or stainless steel bottle. It’s not a bad way to get electrolytes. No plastic needed.
Of course it takes a bit of planning and foresight....... NAH! Not in America.
Florida State tried to come out with a competing brand, but somehow “ Seminole Fluid” just didn’t sell.
I noticed the shortage in our area about a month ago. Some shelves of Gatorade were completely empty.
Yes, I was thinking that that alligator guy from Florida might be able to help? /s
you’re the probably the only on the thread who got it lol
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.