Reported 1 day ago
PepsiCo has revised its annual profit forecast downward, citing increased production costs and market volatility resulting from the ongoing global trade war initiated by President Trump's tariffs. The company reported its first quarterly profit miss in five years and anticipates a decline in fiscal 2025 core earnings per share by 3%. CEO Ramon Laguarta mentioned plans to mitigate rising supply chain costs but acknowledged the challenges posed by the trade environment and uncertain consumer conditions.
Source: YAHOO