Companies

Pepsi Delivers Weak Sales Amid Subdued Consumer Demand

The company’s shares closed nearly 5 percent lower on April 24.
Pepsi Delivers Weak Sales Amid Subdued Consumer Demand
Pepsi soft drinks in plastic bottles are on sale at a grocery store in New York on Nov. 15, 2023. Ted Shaffrey/AP Photo
Panos Mourdoukoutas
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Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”