A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O’Hara/Bloomberg via Getty Images
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If you listen to third-quarter corporate earnings calls, it might seem like everyone is taking weight loss drugs.
Delta Air Lines, PepsiCo, Philip Morris International and Darden Restaurants are just some of the companies that faced questions from analysts about how the drugs are affecting their bottom lines. Executives are mostly brushing off the effects, saying it’s too early to quantify any real changes. Some – like Hershey, Conagra and Nestle – are assuring investors they’ll adapt, if necessary.
While some analysts are making sweeping claims about how obesity drugs will reshape the industries they cover, the medicines are still in the early days. It’s not yet clear how many people will…
2023-11-07 08:05:16
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