PepsiCo Says Gas Prices Cutting Into US Consumer Food Spending

PepsiCo says high prices at the pump are keeping consumers from heading into the store to buy snacks. The food and beverage giant reported earnings Thursday (July 9) revenues of $24.2 billion for the quarter, climbing 6.4% from the same period last year. However, this growth came from the company’s international business, with North American […] The post PepsiCo Says Gas Prices Cutting Into US Consumer Food Spending appeared first on PYMNTS.com .