Tag: consumer spending

Pepsico's third-quarter revenue fell to $23.32 billion, down from $23.45 billion, leading to a lowered forecast for 2024 organic sales growth. The company attributes the decline to cautious consumer spending on sodas and snacks.(Bloomberg)
Posted in Business

PepsiCo posts surprise drop in quarterly revenue, cuts sales forecast

Oct 08, 2024 03:35 PM IST Pepsico lowers its fiscal 2024 sales growth forecast to low single digits from 4%. Q3 net revenue was $23.32…

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British Prime Minister Keir Starmer is seen. (Reuters)
Posted in Business

UK economy grew by slower-than-thought 0.5% in Q2

The UK economy grew more slowly than thought in the second quarter, suggesting the recovery from recession was already losing steam as Labour came to…

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Cars are seen parked under solar panels at the manufacturing plant of Maruti Suzuki in Manesar. Sales of unsold cars reached 70-75 days in August, prompting buyers to delay purchases. Dealers hope festive seasons will boost demand, despite a 4.5% sales drop in August.(Reuters)
Posted in Business

Deeper discounts coming? Why cars could get cheaper for you

Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming…

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Latest news on August 16, 2024: A mobile phone showing an image of Indian online retailer Flipkart is seen in front of a Walmart Inc logo displayed.
Posted in Business

Walmart’s Q2 international sales growth led by Flipkart, other markets

Walmart Inc. raised its sales guidance for the full year, buoyed by consumers buying necessities and seeking deals even as they curtail spending elsewhere. A…

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Food inflation India: India mulls major cut to food weighting in new CPI basket
Posted in Economy

Food inflation India: India mulls major cut to food weighting in new CPI basket

An Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a…

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Stable inflation expectations will revive consumer spending: RBI bulletin
Posted in Economy

Stable inflation expectations will revive consumer spending: RBI bulletin

Bringing down inflation and stabilising inflation expectations will revive consumer spending, boost corporate revenues and profitability, which is the best incentive for private capex, the…

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Revenue from the company's Lloyd consumer segment, rose nearly 32% to 12.64 billion rupees.(Representational)
Posted in Business

Strong sales of air conditioners key to Havells India’s Q4 profits: Report

Reuters | | Posted by Animesh Chaturvedi Havells India Ltd reported a 2.5% rise in fourth-quarter profit on Wednesday, aided by strong sales for air…

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The economy's slowdown reflects the impact of the Federal Reserve’s aggressive drive to tame inflation. (Reuters)
Posted in Business

US economy grows at 1.1 per cent in first quarter: Report

The US economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and…

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