Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Samsung Q2 Profit Seen Soaring as AI Memory Demand Keeps Chip Prices Elevated 
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 
DOJ Seeks Dismissal of Gautam Adani Bribery Case, Citing Foreign Scope 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
PepsiCo posted net revenues of $70.37 billion for 2020, rising 4.8 percent on-year.
For the fourth quarter ended Dec. 26, the company's net revenue rose 8.8 percent to $22.46 billion, surpassing a market expectation of $21.8 billion.
However, the company's 2020 operating profit of $10.08 billion represents a 2 percent decrease compared to last year’s $10.29 billion figure.
PepsiCo's Asia Pacific, Australia, New Zealand, and China enjoyed a 24 percent increase in its operating profit, accounted for in part by 18 percent growth in net revenue.
The company's Africa, Middle East, and South Asia unit's net revenue was up 25 percent, but its operating profit slumped 11 percent due to operating cost increases.
Meanwhile, PepsiCo Beverages North America recorded an 11 percent decrease in operating profit, due partly to an organic volume decrease of 1.5 percent.
According to PepsiCo Chairman and CEO, Ramon Laguarta, the company ended 2020 on a strong note with its global beverage business accelerating as its snacks and food business remained resilient in the fourth quarter.
Laguarta attributed its results to a diversified portfolio, agile supply chain and go-to-market systems, and strong marketplace execution, and highly dedicated employees.
PepsiCo Inc expects a mid-single-digit rise in annual organic revenue and a high-single-digit increase in adjusted earnings in 2021 if COVID-19 vaccinations roll out and bring back consumers return to pre-pandemic lifestyles as economies reopen.
Rival Coca-Cola also forecasts organic revenue to increase this year.
