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PepsiCo revenue beats expectations despite North American demand slump

PepsiCo reported stronger-than-expected second-quarter revenue, driven by international sales and price reductions on its snack products. Despite a 6.4% increase in net revenue to $24.2 billion, North American snack volumes were flat, and beverage volumes declined due to rising gas prices and consumer budget tightening. The company plans to continue investing in affordability and healthier product options. AI

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PepsiCo revenue beats expectations despite North American demand slump

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Dee-Ann Durbin, The Associated Press ·

    PepsiCo cut chip prices to win back frustrated shoppers. The Iran war got in the way

    PepsiCo beat revenue estimates, but Iran war gas-price spikes left U.S. snack volumes flat and beverage sales down 4%.