PepsiCo Reports Mixed Results as Consumers 'Become More Value-Conscious'
PEPPepsiCo(PEP) Investopedia·2024-07-11 22:47

Key TakeawaysPepsiCo reported second-quarter results that beat analysts' profit expectations but missed on revenue.The company also lowered its full-year organic growth outlook.Management said consumers have become "more value-conscious." PepsiCo (PEP) shares slipped in intraday trading Thursday after the company delivered mixed second-quarter results and lowered its full-year organic growth outlook. The food and beverage giant posted adjusted earnings per share (EPS) of 2.28onrevenueof2.28 on revenue of 22.5 billion, c ...