PepsiCo experienced better-than-expected earnings and revenue for the second quarter, reporting a revenue of $22.7 billion, surpassing the anticipated $22.3 billion. Net income decreased 59% to $1.3 billion, but adjusted earnings per share were $2.12, exceeding the $2.03 forecast by analysts. While North American sales for Frito-Lay and beverages declined, international sales in Latin America and Asia increased. The company reaffirmed its full-year earnings guidance after lowering expectations in April due to rising tariff costs and decreasing consumer spending.
PepsiCo reported earnings of $2.12 per share, exceeding analysts' forecast of $2.03, despite a 59% fall in net income to $1.3 billion.
Sales of Frito-Lay and snacks dropped by 1% in North America, while beverage sales declined by 2%. However, international sales increased.
PepsiCo's total revenue for the April-June period was $22.7 billion, slightly above the Wall Street forecast of $22.3 billion.
Although PepsiCo lowered its full-year earnings expectations in April due to rising costs from tariffs and consumer spending drop, it reaffirmed this guidance.
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