Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City.
Spencer Platt | Getty Images
PepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America.
The food and beverage giant also cut its forecast for core constant currency earnings per share, citing new tariffs, economic volatility and a more cautious consumer.
“As we look ahead, we expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our supply chain costs,” CEO Ramon Laguarta said in a statement. “At the same time, consumer conditions in many markets remain subdued and similarly have an uncertain outlook.”
Shares of the company fell 2% in premarket trading.
Here’s what PepsiCo reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.48 adjusted vs. $1.49 expected
- Revenue: $17.92 billion vs. $17.77 billion expected
Pepsi reported first-quarter net income attributable to the company of $1.83 billion, or $1.33 per share, down from $2.04 billion, or $1.48 per share, a year earlier.
Excluding restructuring charges, acquisition costs and other items, the company earned $1.48 per share.
Net sales dropped 1.8% to $17.92 billion.
This story is developing. Please check back for updates.
