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Pepsi sales rise 10% in the fourth quarter on price hikes
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Bottles of Pepsi are displayed in a grocery store, Ill., Thursday, Feb. 10, 2022. PepsiCo reports their corporate results on Thursday, Feb. 9, 2023. - photo by AP Photo/Nam Y. Huh
PepsiCo reported better-than-expected sales in the fourth quarter after hiking prices for its drinks and snacks. Revenue rose more than 10% to $28 billion. That was better than the $26.8 billion Wall Street had forecast, according to analysts polled by FactSet.