Reported 2 days ago
PepsiCo has revised its full-year earnings projection downwards due to rising tariff costs and declining consumer spending. The company is shifting towards natural flavors and colors in its products, with plans to phase out artificial colors by year-end. CEO Ramon Laguarta emphasized the company's commitment to safety while responding to consumer demands for natural ingredients. Additionally, ongoing geopolitical tensions and fluctuating consumer confidence have contributed to a drop in net revenue, leading to a 10% decrease in net income in the first quarter.
Source: YAHOO