PepsiCo Inc. said it raised its guidance for the full year amid strong sales growth of its Mountain Dew, Doritos and other snacks, while the company faces continuing supply-chain disruptions and increased costs for aluminum cans, plastic bottles, labor and trucking.
PepsiCo and other consumer-goods companies are logging higher demand from shoppers as the global economy recovers from the initial shocks of the Covid-19 pandemic and restaurants, stadiums and other venues reopen. But the recovery has also been hampered by production and transportation challenges.
