The company asserted it would offer "pay and benefits to impacted employees." PepsiCo to shut down most operations at key ...

PepsiCo announced the shutdown of manufacturing, transport and maintenance operations at its Detroit site, PepsiCo Beverages U.S. confirmed in an email.

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The wind-down of operations in manufacturing, as well as transport and maintenance operations, impacts over 80 employees.

Portions of the more than 80-year-old facility will continue to operate, but manufacturing, transportation and maintenance will be shut down this fall.

PepsiCo’s net income fell 59% to $1.3 billion. Adjusted for one-time items, including impairment charges related to its Rockstar and Be & Cheery brands, PepsiCo earned $2.12 per share.

PepsiCo has experienced its top line grow at an average rate of 4.3% over the last 3 years (in comparison to an increase of 5.5% for S&P 500) Its revenues have decreased 0.3% to $92 Bil in the ...

PepsiCo's second-quarter revenue rose about 1% to $22.73 billion, compared with analysts' average estimate of a 0.99% decline to $22.28 billion, according to data compiled by LSEG.