Pepsi bottles with latest and old logos are seen on the food market in Las Vegas, USA on November 17, 2023.
Jakub Porzycki | Only photo |
PepsiCo The company reported mixed quarterly results on Thursday, hurt by falling demand for beverages and snacks in North America.
In addition, the corporate reduced its sales forecast for the total yr.
The company’s shares fell greater than 2 percent in premarket trading.
Here’s what the corporate reported in comparison with Wall Street expectations, based on an analyst survey conducted by LSEG:
- Earnings per share: $2.28 adjusted versus $2.16 expected
- Revenue: $22.5 billion versus expected $22.57 billion
Pepsi reported net income attributable to the corporate of $3.08 billion, or $2.23 per share, for the second quarter, in comparison with $2.75 billion, or $1.99 per share, in the identical period last yr.
Excluding special items, the corporate earned $2.28 per share.
Net sales increased nearly 1% to $22.5 billion.
