PepsiCo hits receipts abroad as US shoppers trim snacks amid inflation
PepsiCo posted a better‑than‑expected quarter with adjusted EPS of $2.20 and revenue of $24.2 billion, driven by strength overseas, even as U.S. consumers pared back snacks and soda due to higher living costs. North America volume fell about 2% and pricing gains were offset by softer NA performance, helped by successful multipacks and zero‑sugar drinks. The company still expects full‑year organic revenue up 2‑4% and core EPS up 4‑6% in constant currencies, with a gradual improvement in North America in the second half; the stock fell around 5% after the report.
