PepsiCo reports mixed quarterly results with international sales offsetting weaker demand in North America.

From CNBC: 2025-04-24 09:25:00

PepsiCo reports mixed quarterly results with international sales offsetting weaker demand in North America. CEO cites new tariffs, economic volatility, and cautious consumers. Shares fall 2% in premarket trading. Earnings per share slightly below expectations at $1.48. Net sales drop 1.8% to $17.92 billion. Worldwide volume falls 3% for convenient foods, flat for drinks.

Pepsi plans to improve North American performance by expanding into multicultural and functional products. Recently bought prebiotic soda brand Poppi. Transitioning to natural ingredients following FDA plans to phase out synthetic dyes by 2026. Pepsi expects all products to use natural colors in the next few years. Engaging with consumers and improving in-store availability.

Bright spots in North American business include Pepsi Zero Sugar gaining market share and growth from snacks like Miss Vickie’s chips and Quaker’s rice cakes. Full-year forecast for core constant currency earnings per share lowered to roughly unchanged from previous year. Outlook remains for low-single-digit increase in organic revenue.



Read more at CNBC: PepsiCo (PEP) Q1 2025 earnings