Reported about 15 hours ago
PepsiCo reported better-than-expected earnings for the second quarter, earning $2.12 per share despite a 1% drop in North American snack sales and a 2% decrease in beverage sales. The company is addressing concerns about high product prices by promoting value brands. While revenue increased slightly to $22.7 billion, net income saw a significant decline of 59%. PepsiCo has lowered its full-year earnings expectations due to rising costs and changes in consumer spending.
Source: YAHOO