Pepsi shares rallied despite cutting profit guidance. Where Cramer stands on the stock now - CNBC — SkimNews
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- PepsiCo cut its profit guidance, but its shares still rallied, prompting CNBC's Jim Cramer to stake out a position on the stock.
- PepsiCo is running out of time to meet Elliott-inspired targets as the GLP-1 drug threat to snack demand intensifies, per Reuters.
- PepsiCo's Q3 earnings were powered by seven specific snacks, according to Yahoo Finance.
- PepsiCo's CEO publicly said urgent fixes are needed for the company's soft drinks business.
Why it matters: PepsiCo cut profit guidance but still rallied, signaling the market focused elsewhere — likely the snack segment's resilience and CEO vows to fix sodas. Meanwhile, Reuters flags a ticking clock on Elliott Management's activist targets just as GLP-1 weight-loss drugs threaten demand for the very snacks driving Q3 results.
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