PepsiCo says the effect of weight loss drugs on sales has been “negligible” thus far, but shares are down 11 per cent this year. Photograph: Brandon Bell/Getty ImagesThe effect has been “negligible” thus far, PepsiCo chief executive Ramon LaGuarta told analysts last week. The company felt confident enough to hike its full-year forecast.shares are down 11 per cent this year and recently hit their lowest level since October 2022.
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