PepsiCo cuts earnings forecast as North American turnaround takes longer than expected

PepsiCo reported fiscal third‑quarter earnings of $2.34 per share on $25.27 billion revenue, beating expectations, but cut its full‑year earnings outlook to a 2.5%‑3.5% increase, down from 5%‑7%. International sales grew, while North American beverage volume fell 2% and food volume was flat.

Source: PepsiCo cuts earnings forecast as North American turnaround takes longer than expected — CNBC

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Topics: pepsico · earnings · q3 · business · finance