Gas spikes, snacks tank: PepsiCo issues warning on consumer squeeze
Seeking Alpha ·
Rising fuel costs are putting a worse-than-expected strain on the U.S. consumer, a reality highlighted in PepsiCo's ( PEP ) second-quarter earnings call, as the snack and beverage giant observed noticeable shifts in domestic spending behavior. During Thursday's Q2 earnings call , PepsiCo (
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