Guac Relief: Avocado Prices Tumble Ahead Of Super Bowl [zero hedge]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: zero hedge
Guac Relief: Avocado Prices Tumble Ahead Of Super Bowl Guacamole, wings, pizza, chips, and beer dominate the typical Super Bowl menu, as the weekend becomes one of the world's highest food-consumption sporting events. We have good news for consumers. First, as we reported earlier, PepsiCo announced it will slash prices by 15% on snack brands such as Lay's and Doritos. The second piece of good news is on the avocado front. Prices in Mexico have plunged, down more than 19% from a year earlier as of the end of December. Bloomberg reports a bumper Mexican harvest after heavy rainfall has driven record US imports ahead of the Super Bowl, pushing supplies higher while driving prices lower, a perfect mix for millennials in the K-shaped economy . The US sources nearly 90% of its avocados from Mexico, mostly Hass, with current retail prices ranging from 70 cents to $1.50 each, well below Covid-era highs. "That has never happened before," said Alvaro Luque, president and chief executive officer
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News
- PepsiCo (NASDAQ:PEP) had its price target raised by analysts at TD Cowen from $162.00 to $165.00. They now have a "hold" rating on the stock.MarketBeat
- PepsiCo (NASDAQ:PEP) was upgraded by analysts at Argus to a "hold" rating.MarketBeat
- What is prebiotic soda? Pepsi's version now available nationwide. [USA TODAY]USA TODAY
- We tried a fiber-filled Diet Coke that could be sold in the US. It wasn't for everyone, but it won some fans. [Business Insider]Business Insider
- PepsiCo rebrands Sunbites with fibre focus [Yahoo! Finance]Yahoo! Finance
PEP
Earnings
- 2/4/26 - Beat
PEP
Sec Filings
- 2/12/26 - Form CERT
- 2/12/26 - Form 8-A12B
- 2/11/26 - Form 8-K
- PEP's page on the SEC website