Pepsi soda bottles are displayed in a store in New York City on March 17, 2025.
Spencer Plot | Getty images
PepsiCo On Thursday, mixed quarterly results reported as its international sales offset weak demand in North America.
Food and beverage giants also cut their forecast for continuous currency income per share, citing new Tariff, Economic instability And another Vigilant consumer,
“As we look forward, we expect more instability and uncertainty, especially related to global trade development, which we hope will increase our supply chain cost,” CEO Ramon Languarta said in a statement. “At the same time, in many markets, the consumer situation remains under control and there is so is an uncertain attitude.”
Premarkat trading fell 2% in the company’s shares.
Here’s what PepsiCo expected compared to Wall Street, based on a survey of analysts by LSEG:
- Income per share: $ 1.48 adjusted vs $ 1.49 expected
- Revenue: $ 17.92 billion vs $ 17.77 billion is expected
Pepsi reported the first quarter net income information for a $ 1.83 billion company, or $ 1.33 per share, below $ 2.04 billion, or below $ 1.48 per share a year ago.
The company earned $ 1.48 per share, except for restructuring fees, acquisition costs and other items.
Pure sales declined by 1.8% to $ 17.92 billion. Organic revenue, which excludes the acquisition, division and foreign exchange, increased by 1.2% in the quarter.
Pepsi’s worldwide volumes fell 3% for its convenient foods unit and was flat for its drink. MT changes pricing and foreign currency.
Laguarta said the company is taking “action” to improve its North American performance. The volume for its domestic food business fell 1%, while its North American beverage unit saw a decline of 3%.
“Consumers have remained proclaimed in brands and channels as the cumulative effects of inflation pressure have stressed the budget and changed food purchasing patterns,” Laguarta and CFO Jamie Kaulfield said in the prepared comments.
The plan to travel around its North America business includes further expansion in multicultural and functional products, such as its simple, Sabra and Ceet brands. Company also recently Poppy purchaseA prebiotic soda brand. Pepsi is also working on connecting with consumers and ensuring better in-store availability and placement of its products.
But the company’s North American businesses saw some bright places. Pepsi Zero Sugar helped the company gain a market share, and Miss Vicky’s chips and Quker’s rice cake were one of the snacks that distributed the net revenue growth.
For the whole year, Pepsi now hopes that your main continuous currency income is almost unchanged from the previous year, increasing the growth of numbers below your previous forecast.
The company reiterated its approach to a less—-point increase in organic revenue.
This story is developing. Please check back for updates.
