PepsiCo falls on mixed earnings, consumer weakness worries

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Pepsico News

Brad Smith,Seana Smith,Street Estimates

PepsiCo (PEP) posted mixed second quarter results. The food company reported adjusted earnings per share of $2.28, topping Street estimates. However, revenue...

) posted mixed second quarter results. The food company reported adjusted earnings per share of $2.28, topping Street estimates. However, revenue of $22.50 billion fell short of the expected $22.59 billion.After the company saw softer demand for its snacks and drinks here in the second quarter, you're looking at a loss of just about 2%.

And for all of the talk that we've heard around shr inflation, I mean it's even made it all the way to the presidential lecterns at certain appearances and speeches that the president has given. Then you're getting hit on both sides, both the both the restaurant and the retail side of the business, too.You can see it reflected just strictly in the volume numbers you got Frida Light North America.

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