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News
Friday, October 10, 2025
What’s happening: Shares of PepsiCo gained on Thursday after the company released its results for the third quarter.
What happened: The beverage and snack giant reported better-than-expected sales and earnings for the quarter.
PepsiCo also raised its core earnings forecast for the full year and announced the resignation of its CFO.
How were the results: The Purchase, New York-based company reported low single-digit sales growth for the latest quarter.
Why it matters: PepsiCo saw steady demand for its snacks and sodas in its major international markets, while strong demand for the healthier drinks segment in the US lent support to its quarterly results.
The company continues facing pressure from restricted consumer spending and its price increases over the years.
Net revenue from PepsiCo Beverages North America rose 2% year-over-year, while revenue from both PepsiCo Foods North America and International Beverages Franchise came in flat.
Sales from Latin America Foods rose 2% year-over-year, while Europe, the Middle East and Africa recorded the strongest performance, with sales climbing 9%. Asia Pacific sales grew 2% in the quarter.
PepsiCo named Walmart’s executive, Steve Schmitt, as its new Executive Vice President and Chief Financial Officer, effective November 10. Schmitt will succeed Jamie Caulfield as CFO, who will retire after remaining with the company for more than 30 years.
The company raised its core earnings guidance for the year to reflect a 0.5% decline, compared to its earlier forecast of a 1.5% plunge. Management continued to project low single-digit organic sales growth for the year.
How shares responded: PepsiCo’s shares rose 4.2% to close at $144.71 on Thursday, following the release of quarterly results. The stock has lost around 16% over the past year.
What to watch: Investors will keep an eye on PepsiCo’s pricing strategy, as the company said it is looking to refine its price pack architecture to deliver better value to consumers.
Context: The JPY/USD forex pair rose this morning as investors digested the latest economic data.
Details: Data released this morning showed Japan’s bank lending surged 3.8% in September, from a 3.5% rise in the previous month. The figure topped market estimates of 3.7% growth. The latest rise in bank lending was also the fastest since April 2021.
Meanwhile, Japan’s producer prices surged 2.7% year-over-year in September, at the same pace as in August, but topping market expectations of 2.5%. On a monthly basis, producer prices rose by 0.3%, following a 0.2% decline in the previous month. The figure also came in higher than market estimates of 0.1%.
Weakness in the US dollar lent support to the JPY/USD forex pair. The US dollar index, which measures the greenback’s performance versus a basket of major peers, fell around 0.2% to 99.36 this morning.
The JPY/USD pair gained around 0.1% to 152.95 this morning, while the Nikkei 225 fell 0.67% to 48,256.66.
What to watch: Investors await the release of economic data on industrial production and machinery orders next week. Analysts expect Japan’s industrial production to decline by 1.2% in August, the same pace as in the previous month. Japan’s core machinery orders, which declined 4.6% to ¥898 billion in July, are expected to rise by 2.2% in August.
Other Markets: European indices closed mostly lower on Thursday, with the FTSE 100, CAC 40 and STOXX Europe 600 down by 0.41%, 0.23% and 0.43%, respectively, and the DAX 40 up by 0.06%.
President Vladimir Putin said that Russia’s forces had seized around 5,000 square kilometres of Ukraine this year. The news sent the RUB/USD pair higher in forex trading this morning.
Peru’s trade surplus rose to $2,578 million in August, from $2,155 million in the year-ago month. Exports surging more than imports lent support to the PEN/USD forex pair.
New Zealand’s BusinessNZ Performance of Manufacturing Index came in steady at 49.9 for September. The figure remaining in the contraction zone sent the NZD/USD pair lower in forex trading this morning.
South Korea’s foreign exchange reserves rose to $422 billion in September, from $416.3 billion in the previous month, lending support to the KRW/USD forex pair.
Brazil’s annual inflation rate accelerated to 5.17% in September, from 5.13% in the previous month, sending the BRL/USD pair lower in forex trading this morning.
Italy’s industrial production (1200 UAE Time) and 12-month BOT auction (1310 UAE Time), India’s bank loan growth (1530 UAE Time), deposit growth (1530 UAE Time) and foreign exchange reserves (1530 UAE Time), Brazil’s PPI (1600 UAE Time), Mexico’s industrial production (1600 UAE Time), Canada’s unemployment rate (1630 UAE Time), employment change (1630 UAE Time), full time employment change (1630 UAE Time), participation rate (1630 UAE Time) and average hourly wages (1630 UAE Time), US Michigan consumer sentiment (1800 UAE Time), Michigan consumer expectations (1800 UAE Time), Michigan current conditions (1800 UAE Time), Michigan inflation expectations (1800 UAE Time), Baker Hughes oil rig count (2100 UAE Time), Baker Hughes total rigs count (2100 UAE Time) and monthly budget statement (2200 UAE Time) as well as Russia’s inflation rate (2000 UAE Time).
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