PepsiCo Lowers Full-Year Profit Outlook Amid North America Recovery Challenges
Guidance·1 article across 1 outlet
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PepsiCo reported earnings that exceeded estimates, but the company has lowered its full-year forecast. The snacks and beverage giant indicated that its recovery in North America is taking longer than expected due to mounting costs.
Pepsi's North American business continues to lag behind its international markets, prompting the company to adjust its profit outlook.
PepsiCo
Sources
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SourceReports the news
“Pepsi's North American business continues to lag behind its international markets.”
CNBC — PepsiCo earnings top estimates, but company lowers full-year forecast“PepsiCo Inc. lowered its profit outlook as the snacks and beverage company said its recovery in North America is taking longer than expected.”
Bloomberg — PepsiCo Lowers Guidance on Mounting Costs in North America