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Al Sharpton calls meeting with Target's CEO amid DEI backlash 'very constructive and candid'
Read full article: Al Sharpton calls meeting with Target's CEO amid DEI backlash 'very constructive and candid'Targetās chief executive officer has met with the Rev. Al Sharpton, whose civil rights organization has encouraged consumers to avoid U.S. retailers that scaled backed their diversity, equity and inclusion initiatives.
PepsiCo agrees to meet with Al Sharpton over DEI cuts, potential boycott
Read full article: PepsiCo agrees to meet with Al Sharpton over DEI cuts, potential boycottFood and beverage giant PepsiCo has agreed to meet this week with civil rights advocates from the National Action Network to discuss the companyās recent decision to roll back some of its diversity, equity, and inclusion initiatives.
Al Sharpton calls on PepsiCo to restore DEI initiatives, threatens boycott
Read full article: Al Sharpton calls on PepsiCo to restore DEI initiatives, threatens boycottThe Rev. Al Sharpton has written to the CEO of PepsiCo giving the company three weeks to meet with him ā or suffer a boycott ā to discuss reversing the companyās recent move to do away with its diversity, equity and inclusion initiatives, according to a letter shared with The Associated Press.
Which US companies are pulling back on diversity initiatives?
Read full article: Which US companies are pulling back on diversity initiatives?A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.
PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewhere
Read full article: PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewherePepsiCo lowered its sales forecast for the year after consumers in the U.S., China and elsewhere pulled back on its snacks and drinks.
PepsiCo's second quarter profits jump but customers slow their purchases after years of price hikes
Read full article: PepsiCo's second quarter profits jump but customers slow their purchases after years of price hikesPepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks.
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Read full article: Despite numbers showing a healthy economy overall, lower-income spenders are showing the strainCracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume
Read full article: PepsiCo raises 2023 profit expectations as price hikes offset falling sales volumePepsiCo saw lower demand for its drinks and snacks in the second quarter but higher prices continued to boost its bottom line.

Pepsi's latest product: Water in a can
Read full article: Pepsi's latest product: Water in a canPepsi's plan to reduce plastic waste includes ditching plastic bottles for cans. The company said Friday that its Aquafina-brand water will soon be sold in aluminum cans at US fast food and restaurant chains beginning as soon as next year. "Tackling plastic waste is one of my top priorities and I take this challenge personally," PepsiCo CEO Ramon Laguarta said in a statement. The company said Bubly, its line of flavored sparkling water, will now only be offered in cans. Pepsi said it has committed to using only recyclable, compostable or biodegradable packaging by 2025, and it's pledged to make new plastic bottles using 25% recycled material.