PepsiCo Ends Pepsi, 7UP production In Russia: Reuters

  • Beverage giant PepsiCo Inc PEP has stopped production of Pepsi, 7UP, and Mountain Dew in Russia, Reuters reported.
  • The end of the production comes six months after the company halted its sales and production in the country in response to Russia's invasion of Ukraine.
  • The supermarkets and retailers in Russia are said to have stocks with July and August production dates.
  • Also Read: Can Health Drink Maker Celsius Outrun Its Monster Rival?
  • "All concentrates have subsequently been exhausted in Russia and production has ended," the report cited a PepsiCo spokesperson.
  • The report also noted the company had stopped making concentrates for PepsiCola, Mirinda, 7Up, and Mountain Dew in Russia.
  • Price Action: PEP shares closed higher by 1.05% at $168.73 on Monday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Posted In: NewsMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!