WTF is Wrong with you PEPSICO?

[RPM 26321]

 

 

[orange dream 1251]

Maybe it's because PEPSI SUCKS!!

 

Edited October 30 by orange dream

[Royalfan5 2354]

Dr. Pepper just took second place away this year, so it shows our country is slowly learning. 

[Incredulity 11672]

The consumer is stressed, retailers are consolidating, volume is down….time to get efficient 

[Deej 76793]

[bolverk 29672]

Wrong thread

Edited October 30 by bolverk

[Blotto 23511]

3 hours ago, Incredulity said:

The consumer is stressed, retailers are consolidating, volume is down….time to get efficient 

	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	TTM
Total Revenues	67,161.00	70,372.00	79,474.00	86,392.00	91,471.00	91,920.00
Operating Income	10,719.00	10,931.00	11,858.00	12,252.00	13,539.00	13,979.00
Gross Profit	37,178.00	38,637.00	42,428.00	46,050.00	49,603.00	50,448.00
Net Income	7,314.00	7,120.00	7,618.00	8,910.00	9,074.00	9,357.00

 

TTM includes their October earnings. Looks like record revenue, operating income and net income to me. But if those metrics start to fall, the execs don't max out their bonuses so I guess its best to close a few plants and fire some people. Guess you cant price gouge forever.

Edited October 30 by Blotto

[Incredulity 11672]

2 minutes ago, Blotto said:

	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	TTM
Total Revenues	67,161.00	70,372.00	79,474.00	86,392.00	91,471.00	91,920.00
Operating Income	10,719.00	10,931.00	11,858.00	12,252.00	13,539.00	13,979.00
Gross Profit	37,178.00	38,637.00	42,428.00	46,050.00	49,603.00	50,448.00
Net Income	7,314.00	7,120.00	7,618.00	8,910.00	9,074.00	9,357.00

 

TTM includes their October earnings. Looks like record revenue, operating income and net income to me. But if those metrics start to fall, the execs don't max out their bonuses so I guess its best to close a few plants and fire some people. 

I was thinking they were actually down on revenue last quarter.  Flat, but missed expectations.  There has been a lot of chatter about their sales lagging in recent months.

 

Food and beverage company PepsiCo (NASDAQ:PEP) missed Wall Street's revenue expectations in Q3 CY2024, with sales flat year on year at $23.32 billion.

[Blotto 23511]

1 minute ago, Incredulity said:

I was thinking they were actually down on revenue last quarter.  Flat, but missed expectations.  There has been a lot of chatter about their sales lagging in recent months.

 

Food and beverage company PepsiCo (NASDAQ:PEP) missed Wall Street's revenue expectations in Q3 CY2024, with sales flat year on year at $23.32 billion.

That proves my point. They are still plenty profitable. In fact 22% more profitable than they were 3 years ago. But because wall street made up a number that they needed to hit in order for the C Suite to get paid fully, they decide to layoff people. They know they cant continue to price gouge.

I dont pretend to know the intricacies of Pepsi's business, but its a decision that reeks of bullshit, and is typical of how most of corporate america is run today. Profits over the well being of its own  employees. 

[Iceman 2713]

20 minutes ago, Blotto said:

	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	TTM
Total Revenues	67,161.00	70,372.00	79,474.00	86,392.00	91,471.00	91,920.00
Operating Income	10,719.00	10,931.00	11,858.00	12,252.00	13,539.00	13,979.00
Gross Profit	37,178.00	38,637.00	42,428.00	46,050.00	49,603.00	50,448.00
Net Income	7,314.00	7,120.00	7,618.00	8,910.00	9,074.00	9,357.00

 

TTM includes their October earnings. Looks like record revenue, operating income and net income to me. But if those metrics start to fall, the execs don't max out their bonuses so I guess its best to close a few plants and fire some people. Guess you cant price gouge forever.

Keep in mind Pepsico is Gatorade, Tropicana,  Quaker Oats, Frito Lay, in addition to Pepsi Bottling.  The plant in question is Pepsi, and CSD( Carbonated Soft Drinks) are eroding share of the drink market, bigtime.  Dig into the Earnings statement for 2023, I'm not gonna explain everything here, but CSDs are not as profitable as one might think.

A quaker Plant was also shut down this year.  Not sure why that is "mean ole pepsico," when it's just business at work.

Those numbers you posted don't have anything to do with what a shitshow 2024 has been, relative to prior years.

Edited October 31 by Iceman

[Parliament 14260]

So long as it doesn’t affect Mt. Dew.

[Bolero88 277]

13 hours ago, Iceman said:

Keep in mind Pepsico is Gatorade, Tropicana,  Quaker Oats, Frito Lay, in addition to Pepsi Bottling.  The plant in question is Pepsi, and CSD( Carbonated Soft Drinks) are eroding share of the drink market, bigtime.  Dig into the Earnings statement for 2023, I'm not gonna explain everything here, but CSDs are not as profitable as one might think.

A quaker Plant was also shut down this year.  Not sure why that is "mean ole pepsico," when it's just business at work.

Those numbers you posted don't have anything to do with what a shitshow 2024 has been, relative to prior years.

Tropicana was actually spun off and is back to it's own company now. 

[Bill Brasky 1449]

do the workers get a free Cincinnati bowtie as part of the severance package? 

[StassneyHorn 6576]

I had read some pretty bad things about the Chicago location not being up to specs recently on the Chicago Reddit. Can’t speak to other locations. I remember when I was coming out of school around 2011 Pepsi was a HUGE employer for all the supply chain guys in McCombs along with a couple O&G spots.