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Price hikes lifted PepsiCo’s profits in the third quarter, but the company says those increases are likely to moderate in the coming year.

Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the Purchase, New York, company has increased prices by double-digits.

The higher prices took a toll on demand, with sales volumes down 2.5%.

PepsiCo said some of that volume decline is strategic.

The company said it has been shrinking package sizes to meet consumer demand for convenience and portion control.

Units are growing much faster than volume, PepsiCo Chairman and CEO Ramon Laguarta said Tuesday in a conference call with investors.

But there is also some consumer pushback on prices. Consumers are looking for value and, in some cases, are trading down to cheaper stores.

I do think that we see the consumer right now being more selective, PepsiCo’s Chief Financial Officer Hugh Johnston said Tuesday on a conference call with investors.

Still, Johnston said convenience store sales and food service sales, which usually weaken in times of high consumer stress, are strong.

Johnston said Pepsi continues to see higher prices for commodities like grain and cooking oil.

In 2024, Pepsi expects inflation to be slightly higher than the 2% to 3% it was accustomed to before the pandemic.

Consumers should expect to see price increases roughly in line with inflation, he said.

Pepsi is watching the growing use of weight loss drugs like Ozempic, but so far their impact on the business has been negligible, Laguarta said.

They could be outweighed by other trends, including rising incomes in many countries and the growing popularity of snacking in place of meals.

Were seeing a lot of tailwinds that will continue to drive our categories, he said.

Pepsi shares were up 1.5% in morning trading.

In the third quarter, Frito-Lay North America sales volumes dropped 0.5% during the July-September period as net prices rose 8%.

North American beverage sales volumes dropped 6% as prices rose 12%.

Sales volumes in Europe were flat. Sales volumes in Latin America dropped 5%.

Net pricing includes price hikes as well as changes in the mix of products sold and smaller package sizes.

In prepared remarks Tuesday, PepsiCo said consumers are gravitating toward smaller packages for convenience and portion control.

Net revenue was $23.4 billion, the company said Tuesday. That was in line with Wall Streets expectations, according to analysts polled by FactSet.

Net income for Pepsi rose 14% to $3.1 billion, or $2.24 per share.

That beat the $2.15 per share that analysts had forecast.

Pepsi now expects its full-year earnings per share to increase 13%, up from previous projections of 12%, due to the strength of its sales and cost-cutting efforts.

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Slow start? Not this year! Francisco Lindor has Mets rolling

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Slow start? Not this year! Francisco Lindor has Mets rolling

NEW YORK — After Francisco Lindor began the season 0-for-11 and his slow starts of the past continued to haunt him, the Mets shortstop was asked what he needed to do to avoid another one.

“That’s a fantastic question,” Lindor said. “I’m sure everyone’s asking that and I’m sure everyone’s trying to figure it out, and I’m right there with everyone. I don’t know.”

Lindor soon got his answer — from Jeremy Barnes, one of the Mets’ two hitting coaches. The gist: Don’t chase hits, Barnes told him. Don’t chase anything. Stick to the plan and execute it. You’re one of the best in the world. Don’t make it more than it is. Trust the work and trust yourself.

“And he’s been awesome,” Barnes said. “He’s been awesome since then.”

Since that forgettable three-game series in Houston, then missing the Mets’ fourth game of the season for the birth of his third child, the Mets’ leadoff man is batting .349 with five home runs and a .972 OPS to help propel New York to the best record in the majors at 18-7. He has resembled the National League MVP runner-up from 2024 and is playing like one of the sport’s most dynamic stars — much earlier on the calendar than he usually does.

“The conversation helped me have a clearer mind on what I needed to do during the process,” Lindor said in Spanish. “Just try not to do much. Look for pitches I need to look for and pass the baton because we have a lot of batters who are horses and I don’t have to do much. It all comes in the preparation. I prepare, and once I get in the batter’s box, I’m not thinking. My athletic ability kicks in. That’s what happened.”

Even while his new superstar teammate, Juan Soto, has stumbled out of the gate, Lindor was otherworldly during the Mets’ recent 7-0 homestand at Citi Field, which ended with a walk-off win over the Philadelphia Phillies on Wednesday to clinch a three-game sweep of the division rivals. Lindor became the first player in the majors this season to reach base three times in four straight games.

He crushed a walk-off home run in last Friday’s win over the St. Louis Cardinals. He clubbed a leadoff home run Sunday and another Monday — plus a three-run shot in the seventh inning to give the Mets the insurance needed for a 5-4 win over Philadelphia.

He finished the seven-game winning streak 14-for-30 with four home runs, a 1.367 OPS and a splash of elite defense. In particular, Lindor is mashing fastballs this season. He’s batting .344 with four home runs, four doubles and a .607 slugging percentage against them — perhaps the result of hitting in front of Soto or just a small sample size from an elite, locked-in performer.

“He’s free in a way where it’s like, ‘You know what? I’m just going to be myself,'” Mets manager Carlos Mendoza said. “And that’s what he’s doing right now. And he’s getting results.”

Over his career, Lindor has made a habit of slow starts. In his first four seasons with the Mets, he batted a cumulative .218 over the first month of the season. Last year, he slashed .190/.265/.352 through May 18. He was booed at home. His wife, Katia, shared threatening messages from fans on social media. Owner Steve Cohen called for more positivity toward Lindor from the fan base. The Mets, in turn, began the season 22-33.

Good vibes were fundamental in the Mets’ subsequent turnaround, but good vibes require consistent winning. Lindor was foundational in that. It was Lindor who called the team meeting in late May that the Mets credited with putting them on track for a wildly captivating summer that ended in the fall just two wins shy of the World Series. And it was Lindor who became the best player in the National League not named Shohei Ohtani after his turbulent start, hitting .304 with a .928 OPS in 108 games after moving to the leadoff spot on May 18 — all while using a torpedo bat (sans the uproar).

It was also around that time that Lindor switched his walk-up song to the Temptations’ “My Girl,” a choice he dedicated to his wife and daughters. It has since become a Citi Field staple, with the crowd singing along to the tune before each of Lindor’s plate appearances — a stark difference from the reception he received a year ago.

“Last year we weren’t playing well,” Lindor said. “Now we have vibes. The music is louder. The chemistry from the guys is a lot better than what we had at the beginning of last year. The organization feels more stable. The culture is beautiful. It feels a lot better and that’s very important. It takes years of that growing.”

The Mets acquired Lindor before the 2021 season and immediately signed him to a 10-year, $341 million extension to serve as that culture setter and franchise cornerstone. He isn’t the only leader on a veteran roster with Soto, Pete Alonso and Brandon Nimmo, but he is the front man, whose voice resonates because of his consistent performance.

Lindor’s 8.8 fWAR over the past calendar year is the highest in the National League, trailing only Aaron Judge‘s and Bobby Witt Jr.’s across all of baseball. His hot start this season could finally produce his first All-Star nod as a Met.

“He can impact the game in so many different ways,” Mets designated hitter Jesse Winker said. “He looks amazing at the plate. It’s really fun to watch. And, yeah, man, it’s like, day in and day out, he does something special so it’s cool to see.”

Lindor was special on Wednesday afternoon. His smooth backhanded play in the hole for the third out of the first inning saved some of starting pitcher David Peterson‘s bullets. He walked in the third, singled in the fifth and singled again in the seventh.

At the end, after Starling Marte, a veteran struggling in his first experience in a part-time role, delivered the game-winning single in the 10th, Lindor was the first person to sprint out to give the day’s hero a hug. He was everywhere. He’s keeping it simple. He’s clear-minded. He’s trusting himself. And the Mets are winning because of it.

“I think you come into the season and you’re trying to get your feet wet and you’re thinking of all these things,” Barnes said. “As opposed to just like, no, it’s just execute the plan. Execute the plan in April. Execute the plan in May. Execute the plan in June. Just execute the plan. And he’s one of the best in the world at being able to go out and execute that plan.

“I know that sounds super simplistic, but for him I really think it’s that.”

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Alexander Zurawski: Mum sentenced for killing six-year-old son after hearing ‘demonic voices’

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Alexander Zurawski: Mum sentenced for killing six-year-old son after hearing 'demonic voices'

A mum has been sentenced for killing her six-year-old son after hearing “demonic voices”.

Karolina Zurawska, 42, previously pleaded guilty to the manslaughter by reason of diminished responsibility of Alexander Zurawski.

Alexander was found dead at a property in the Gendros area of Swansea on 29 August last year.

His mother was found next to him with a handsaw at her side.

At Swansea Crown Court on Friday, the judge also sentenced Zurawska for the attempted murder of her 67-year-old father, Krzysztof Siwi, earlier the same day.

She was handed an indefinite hospital order.

The court heard Zurawska had previously been the “best mother” to her son, who was recovering from a brain tumour which left him partially sighted and requiring a cane to walk.

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In a tribute released after his death, Alexander’s family said he was a “very kind child” who was “very clever and very mature for his age”.

“Alexander was always well behaved and never naughty,” the statement added.

This breaking news story is being updated and more details will be published shortly.

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Cardinal Vincent Nichols: British cardinal who will be in the conclave says picking the next pope is ‘intimidating’

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Cardinal Vincent Nichols: British cardinal who will be in the conclave says picking the next pope is 'intimidating'

The head of the Catholic Church in England and Wales has told Sky News it’s “intimidating” to be one of those responsible for choosing the next pope.

Vincent Nichols is among four UK cardinals in Rome for the Pope’s funeral on Saturday.

Following the funeral, and after nine days of mourning, cardinals from around the world will gather in the Vatican’s Sistine Chapel to cast their votes, with white smoke announcing to the world when a new pope has been elected.

Cardinal Nichols told Sky’s Anna Botting: “I hope nobody goes into this conclave, as it were, with the sole purpose of wanting to win. I think it’s very important that we go in wanting to listen to each other… It has to be together, trying to sense what God wants next. Not just for the church.”

Becoming emotional, he also said the final message he would like to have given Pope Francis is “thank you”.

The 88-year-old died peacefully on Easter Monday, the Vatican confirmed.

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Pope’s cause of death confirmed .

Heads of state – including Sir Keir Starmer, Donald Trump, Volodymyr Zelenskyy and Emmanuel Macron – have all confirmed their attendance at his funeral, which takes place on Saturday at St Peter’s Square.

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Prince William will attend on behalf of the King, Kensington Palace has said.

Cardinal Nichols explained that the funeral would be “exactly the same Catholic rite as everyone else – just on a grander scale”.

In a break from tradition, Pope Francis will be the first pope in a century to be interred outside the Vatican – and will instead be laid to rest at his favourite church, Santa Maria Maggiore Basilica in Rome’s Esquilino neighbourhood.

He will also be buried in just one simple wooden coffin, instead of the traditional three coffins which are usually used for pontiffs.

Born in Crosby near Liverpool, Cardinal Vincent Nichols hoped to be a lorry driver as a child – but as a teenager reportedly felt the calling to join the priesthood while watching Liverpool FC.

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Where will Pope Francis be buried?

As cardinal, he is known for leading the church’s work tackling human trafficking and modern slavery, for which he received the UN Path to Peace Award.

He was criticised by the UK’s Independent Inquiry into Child Sexual Abuse, which said he “demonstrated a lack of understanding” of the impact of abuse and “seemingly put the reputation of the church first”.

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3D map shows pope’s funeral route

Cardinal Nichols, responding to the findings, previously told Sky News he was “ashamed at what has happened in the context of the Catholic Church” and promised to improve the church’s response.

He has appeared to rule himself out of the running for pope, telling reporters he was “too old, not capable”.

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