PepsiCo reported mixed second-quarter results, as weaker demand in its North American food and beverage business offset stronger international sales.
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According to the company's earnings report, adjusted earnings came in at $2.20 per share, slightly below Wall Street's estimate of $2.21. Revenue, however, rose to $24.18 billion, beating expectations of $23.95 billion.
CEO Ramon Laguarta said rising inflation continued to pressure U.S. consumers, leading many households to cut spending on food and beverages. The report said international demand remained resilient during the quarter.
PepsiCo posted net income of $2.98 billion, up from $1.26 billion a year earlier. Organic revenue, which excludes acquisitions and currency effects, increased 2.4%.
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PepsiCo earnings miss estimates as North American consumers tighten their budgets https://t.co/b6yJxpFfWH
— CNBC (@CNBC) July 9, 2026
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