Reported about 13 hours ago
PepsiCo CEO Ramon Laguarta expressed a cautious outlook for the company in the coming year due to challenges posed by tariffs, particularly from President Trump's recent decisions affecting imports from Canada and Mexico. While PepsiCo's growth was impacted, it remains optimistic due to localized sourcing of most inputs. The company's stock faced pressure, reflecting investor concerns amid competitive pressures and cautious spending from low-income consumers, leading to a decline in share prices over the past year.
Source: YAHOO