PepsiCo says economic concerns weighed on customers in North American during recent quarter
North American food and beverage volume fell 4% and flat, while international demand helped PepsiCo top Wall Street revenue forecasts.
- On Thursday, PepsiCo reported second-quarter net revenue of $24.18 billion, exceeding Wall Street expectations of $23.95 billion, with net income reaching $2.98 billion.
- PepsiCo's North American food business reported flat volume for the quarter, while its beverage division saw volume drop 4%, offsetting strong international growth.
- CEO Ramon Laguarta said, "Results were tempered in the quarter as U.S. food and beverage category performance moderated with consumer budgets tightening due to rising inflationary pressures."
- Adjusted earnings reached $2.20 per share, falling short of the $2.21 analyst forecast, causing PepsiCo shares to decline less than 1% in premarket trading Thursday.
- For the full year, PepsiCo reiterated its forecast that organic revenue will rise between 2% and 4%, with core constant currency earnings per share increasing 4% to 6%.
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The Economic Times
Times of IndiaPepsiCo bets on healthier products as inflation squeezes consumers; Q2 revenue tops estimates
PepsiCo reported strong second-quarter revenue, exceeding analyst expectations. Healthier product demand helped offset softer North America food sales during the period. The company maintained its full-year outlook despite anticipated cost inflation. Tariff refunds and productivity gains are expected to mitigate rising input costs. PepsiCo continues to see momentum in its healthier product offerings.
PepsiCo had a profit of US$ 2.98 billion in the second quarter, high of 136% in the annual comparison. The revenues of the American company reached US$ 24.1 billion between April and June, growth of 6.4% over the same period of 2025. We continue to implement our strategic priorities with a focus on revenue growth, says Ramon Laguarta, president of PepsiCo, in a note. We also increased productivity to improve our operational leverage.
Associated Press News
PepsiCo says economic concerns weighed on customers in North American during recent quarter
PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns.
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